Eastman Chemical Reaches New 52-Week High (EMN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Eastman Chemical Company (NYSE: EMN) hit a new 52-week high Friday as it is currently trading at $55.57, above its previous 52-week high of $55.53 with 687,551 shares traded as of 12:30 p.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Eastman Chemical has a market cap of $7.52 billion and is part of the basic materials sector and chemicals industry. Shares are up 40.3% year to date as of the close of trading on Thursday.

Eastman Chemical Company, a chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. The company has a P/E ratio of 13.2, above the average chemicals industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Eastman Chemical as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Eastman Chemical Ratings Report.

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