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

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.

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 0.4%. By the end of trading, Eastman Chemical Company rose 82 cents (1.1%) to $74.13 on light volume. Throughout the day, one million shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in a price between $73.17-$74.27 after having opened the day at $73.34 as compared to the previous trading day's close of $73.31. Other companies within the Chemicals industry that increased today were: H.B. Fuller Company ( FUL), up 4.7%, Pure Bioscience ( PURE), up 3.2%, Valhi Incorporated ( VHI), up 2.8%, and Synthesis Energy Sys ( SYMX), up 2.7%.
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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 $11.11 billion and is part of the basic materials sector. The company has a P/E ratio of 19, above the S&P 500 P/E ratio of 17.7. Shares are up 6.5% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Eastman Chemical Company a buy, no analysts rate it a sell, and four 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, good cash flow from operations, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Flexible Solutions International ( FSI), down 5.2%, Rentech Nitrogen Partners ( RNF), down 4.9%, Penford Corporation ( PENX), down 4.6%, and EDEN Bioscience Corporation ( EDEN), down 3.9%, were all laggards within the chemicals industry with Sigma-Aldrich Corporation ( SIAL) 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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