2. As of noon trading, Eastman Chemical Company ( EMN) is down $0.44 (-0.6%) to $68.11 on average volume Thus far, 618,530 shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $67.73-$68.75 after having opened the day at $68.67 as compared to the previous trading day's close of $68.55. Eastman Chemical Company, a specialty 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 $10.5 billion and is part of the basic materials sector. The company has a P/E ratio of 23.2, above the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Tuesday. 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Eastman Chemical Company Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.