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Best Chemical Stocks to Buy Now (2023)

Top chemical stocks in 2023 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:

Huntsman (NYSE:HUN) is the top chemical stock with a Zen Score of 57, which is 13 points higher than the chemical industry average of 44. It passed 20 out of 38 due diligence checks and has strong fundamentals. Huntsman has seen its stock lose -33.49% over the past year, underperforming other chemical stocks by -19 percentage points.

Huntsman has an average 1 year price target of $31.92, an upside of 18.63% from Huntsman's current stock price of $26.91.

Huntsman stock has a consensus Hold recommendation according to Wall Street analysts. Of the 15 analysts covering Huntsman, 13.33% have issued a Strong Buy rating, 13.33% have issued a Buy, 53.33% have issued a hold, while 6.67% have issued a Sell rating, and 13.33% have issued a Strong Sell.

Chemical & Mining Co Of Chile (NYSE:SQM) is the second best chemical stock with a Zen Score of 57, which is 13 points higher than the chemical industry average of 44. It passed 22 out of 38 due diligence checks and has strong fundamentals. Chemical & Mining Co Of Chile has seen its stock lose -3.44% over the past year, overperforming other chemical stocks by 11 percentage points.

Chemical & Mining Co Of Chile has an average 1 year price target of $100.60, an upside of 24.26% from Chemical & Mining Co Of Chile's current stock price of $80.96.

Chemical & Mining Co Of Chile stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Chemical & Mining Co Of Chile, 20% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

Eastman Chemical Co (NYSE:EMN) is the third best chemical stock with a Zen Score of 54, which is 10 points higher than the chemical industry average of 44. It passed 19 out of 38 due diligence checks and has strong fundamentals. Eastman Chemical Co has seen its stock lose -28.07% over the past year, underperforming other chemical stocks by -14 percentage points.

Eastman Chemical Co has an average 1 year price target of $95.95, an upside of 20.57% from Eastman Chemical Co's current stock price of $79.58.

Eastman Chemical Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 19 analysts covering Eastman Chemical Co, 21.05% have issued a Strong Buy rating, 5.26% have issued a Buy, 73.68% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 17 chemical stocks that have issued dividends in the past year, the 3 chemical stocks with the highest dividend yields are:

Braskem Sa (NYSE:BAK) has an annual dividend yield of 9.79%, which is 6 percentage points higher than the chemical industry average of 4.14%. Braskem Sa's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Braskem Sa's dividend has shown consistent growth over the last 10 years.

Braskem Sa's dividend payout ratio of 44.2% indicates that its high dividend yield is sustainable for the long-term.

Chemical & Mining Co Of Chile (NYSE:SQM) has an annual dividend yield of 9.65%, which is 6 percentage points higher than the chemical industry average of 4.14%. Chemical & Mining Co Of Chile's dividend payout is not stable, having dropped more than 10% fifteen times in the last 10 years. Chemical & Mining Co Of Chile's dividend has shown consistent growth over the last 10 years.

Chemical & Mining Co Of Chile's dividend payout ratio of 315% indicates that its high dividend yield might not be sustainable for the long-term.

Westlake Chemical Partners (NYSE:WLKP) has an annual dividend yield of 8.58%, which is 4 percentage points higher than the chemical industry average of 4.14%. 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 103.6% indicates that its high dividend yield might not be sustainable for the long-term.

Chemical stocks were up 0.85% in the last day, and up 0.52% 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:

Origin Materials (NASDAQ:ORGN) is the most undervalued chemical stock based on WallStreetZen's Valuation Score. Origin Materials has a valuation score of 86, which is 39 points higher than the chemical industry average of 47. It passed 6 out of 7 valuation due diligence checks.

Origin Materials's stock has dropped -42.61% in the past year. It has underperformed other stocks in the chemical industry by -29 percentage points.

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

Eastman Chemical Co's stock has dropped -28.07% in the past year. It has underperformed other stocks in the chemical industry by -14 percentage points.

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

Huntsman's stock has dropped -33.49% in the past year. It has underperformed other stocks in the chemical industry by -19 percentage points.