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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Eastman Chemical Company ( EMN) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Eastman Chemical Company fell $0.85 (-1.1%) to $75.36 on average volume. Throughout the day, 1,448,346 shares of Eastman Chemical Company exchanged hands as compared to its average daily volume of 1,552,800 shares. The stock ranged in price between $75.14-$76.24 after having opened the day at $76.22 as compared to the previous trading day's close of $76.21. Other companies within the Chemicals industry that declined today were: Oil-Dri Corporation of America ( ODC), down 13.8%, Metabolix ( MBLX), down 11.0%, Pacific Ethanol ( PEIX), down 5.5% and Gulf Resources ( GURE), down 5.0%.

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 $11.4 billion and is part of the basic materials sector. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7. Shares are up 12.0% 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 3 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 increase in stock price during the past year, compelling growth in net income, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, REX American Resources ( REX), up 8.1%, Arabian American Development Company ( ARSD), up 6.1%, American Pacific Corporation ( APFC), up 3.9% and PolyOne Corporation ( POL), up 2.8% , were all gainers within the chemicals industry with Dow Chemical ( DOW) being today's featured chemicals industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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