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Best Chemical Stocks to Buy Now (2024)

Top chemical stocks in 2024 ranked by overall Zen Score. See the best chemical stocks to buy now, according to analyst forecasts for the chemicals industry.

According to Zen Score, the 3 best chemical stocks to buy right now are:

Eastman Chemical Co (NYSE:EMN) is the top chemical stock with a Zen Score of 57, which is 31 points higher than the chemical industry average of 26. It passed 20 out of 38 due diligence checks and has strong fundamentals. Eastman Chemical Co has seen its stock return 25.66% over the past year, overperforming other chemical stocks by 3 percentage points.

Eastman Chemical Co has an average 1 year price target of $106.31, an upside of 5.54% from Eastman Chemical Co's current stock price of $100.73.

Eastman Chemical Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Eastman Chemical Co, 46.15% have issued a Strong Buy rating, 0% have issued a Buy, 53.85% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Westlake Chemical Partners (NYSE:WLKP) is the second best chemical stock with a Zen Score of 52, which is 26 points higher than the chemical industry average of 26. It passed 18 out of 38 due diligence checks and has strong fundamentals. Westlake Chemical Partners has seen its stock return 4.81% over the past year, underperforming other chemical stocks by -18 percentage points.

Chemical & Mining Co Of Chile (NYSE:SQM) is the third best chemical stock with a Zen Score of 49, which is 23 points higher than the chemical industry average of 26. It passed 19 out of 38 due diligence checks and has strong fundamentals. Chemical & Mining Co Of Chile has seen its stock lose -32.52% over the past year, underperforming other chemical stocks by -56 percentage points.

Chemical & Mining Co Of Chile has an average 1 year price target of $57.72, an upside of 16.58% from Chemical & Mining Co Of Chile's current stock price of $49.51.

Chemical & Mining Co Of Chile stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Chemical & Mining Co Of Chile, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 7 chemical stocks that have issued dividends in the past year, the 3 chemical stocks with the highest dividend yields are:

Westlake Chemical Partners (NYSE:WLKP) has an annual dividend yield of 8.49%, which is 5 percentage points higher than the chemical industry average of 3.02%. Westlake Chemical Partners's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Westlake Chemical Partners's dividend has shown consistent growth over the last 10 years.

Westlake Chemical Partners's dividend payout ratio of 123.3% indicates that its high dividend yield might not be sustainable for the long-term.

Futurefuel (NYSE:FF) has an annual dividend yield of 4.83%, which is 2 percentage points higher than the chemical industry average of 3.02%. Futurefuel's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Futurefuel's dividend has not shown consistent growth over the last 10 years.

Futurefuel's dividend payout ratio of 322.4% indicates that its high dividend yield might not be sustainable for the long-term.

Chemical & Mining Co Of Chile (NYSE:SQM) has an annual dividend yield of 4.27%, which is 1 percentage points higher than the chemical industry average of 3.02%. Chemical & Mining Co Of Chile's dividend payout is not stable, having dropped more than 10% seventeen times in the last 10 years. Chemical & Mining Co Of Chile's dividend has not shown consistent growth over the last 10 years.

Chemical & Mining Co Of Chile's dividend payout ratio of 158.5% indicates that its dividend yield might not be sustainable for the long-term.

Chemical stocks were up 0.5% in the last day, and up 1.47% over the last week.

We couldn't find a catalyst for why chemical stocks are up.

Based on WallStreetZen's Valuation Score, the 3 most undervalued chemical stocks right now are:

Methanex (NASDAQ:MEOH) is the most undervalued chemical stock based on WallStreetZen's Valuation Score. Methanex has a valuation score of 86, which is 62 points higher than the chemical industry average of 24. It passed 6 out of 7 valuation due diligence checks.

Methanex's stock has gained 25.64% in the past year. It has overperformed other stocks in the chemical industry by 3 percentage points.

Minerals Technologies (NYSE:MTX) is the second most undervalued chemical stock based on WallStreetZen's Valuation Score. Minerals Technologies has a valuation score of 71, which is 47 points higher than the chemical industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Minerals Technologies's stock has gained 35.17% in the past year. It has overperformed other stocks in the chemical industry by 12 percentage points.

Chemical & Mining Co Of Chile (NYSE:SQM) is the third most undervalued chemical stock based on WallStreetZen's Valuation Score. Chemical & Mining Co Of Chile has a valuation score of 71, which is 47 points higher than the chemical industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Chemical & Mining Co Of Chile's stock has dropped -32.52% in the past year. It has underperformed other stocks in the chemical industry by -56 percentage points.