Eastman Chemical Company (EMN): Today's Featured Chemicals Loser

Eastman Chemical Company ( EMN) pushed the Chemicals industry lower today making it today's featured Chemicals loser. The industry as a whole closed the day up 0.2%. By the end of trading, Eastman Chemical Company fell 62 cents (-1.2%) to $50.27 on average volume. Throughout the day, 1.7 million shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $50.10-$50.99 after having opened the day at $50.84 as compared to the previous trading day's close of $50.89. Other company's within the Chemicals industry that declined today were: Solazyme ( SZYM), down 10.4%, Gevo ( GEVO), down 7.4%, Ceres ( CERE), down 5.7%, and Synthesis Energy Sys ( SYMX), down 4%.

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 $7.02 billion and is part of the basic materials sector. The company has a P/E ratio of 11.8, above the average chemicals industry P/E ratio of 11.4 and below the S&P 500 P/E ratio of 17.7. Shares are up 30.3% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and none 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 revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Cereplast ( CERP), up 14.5%, Lizhan Environmental ( LZEN), up 6.5%, Senomyx ( SNMX), up 5.3%, and Georgia Gulf ( GGC), up 4.7%, were all gainers within the chemicals industry with Mosaic ( MOS) being today's featured chemicals industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR ( XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd ( SBM).
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