Eastman Chemical Company ( EMN) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day up 0.7%. By the end of trading, Eastman Chemical Company rose 29 cents (0.5%) to $54.21 on average volume. Throughout the day, 1.8 million shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $52.77-$54.38 after having opened the day at $53.33 as compared to the previous trading day's close of $53.92. Other companies within the Chemicals industry that increased today were: Flexible Solutions International ( FSI), up 17.8%, NewMarket Corporation ( NEU), up 16.4%, NL Industries ( NL), up 6.5%, and Clean Diesel Technologies ( CDTI), up 6.3%. Eastman Chemical Company, a chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical Company has a market cap of $7.14 billion and is part of the basic materials sector. The company has a P/E ratio of 11.3, above the average chemicals industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7. Shares are up 38% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and two rate it a hold. TheStreet Ratings rates Eastman Chemical Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.
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