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

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 down 0.2%. By the end of trading, Eastman Chemical Company rose $1.28 (2.5%) to $52.28 on heavy volume. Throughout the day, 3.4 million shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in a price between $50.35-$52.90 after having opened the day at $51 as compared to the previous trading day's close of $51. Other companies within the Chemicals industry that increased today were: Green Plains Renewable Energy ( GPRE), up 6.5%, Quaker Chemical Corporation ( KWR), up 6.1%, Pure Bioscience ( PURE), up 5.6%, and Lightbridge ( LTBR), up 5.1%.

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 11.9, above the average chemicals industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 30.6% year to date as of the close of trading on Monday. Currently there are nine analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and one rates 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 negative front, Clean Diesel Technologies ( CDTI), down 8.7%, Pacific Ethanol ( PEIX), down 5.7%, Renewable Energy Group ( REGI), down 5.5%, and Tronox ( TROX), down 5.4%, were all laggards within the chemicals industry with Air Products & Chemicals ( APD) being today's chemicals industry laggard.

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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