Sectors & IndustriesBasic MaterialsSpecialty Chemicals

Best Specialty Chemical Stocks to Buy Now (2024)

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

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

Chemical & Mining Co Of Chile (NYSE:SQM) is the top specialty chemical stock with a Zen Score of 69, which is 33 points higher than the specialty chemical industry average of 36. It passed 26 out of 38 due diligence checks and has strong fundamentals. Chemical & Mining Co Of Chile has seen its stock lose -34.43% over the past year, underperforming other specialty chemical stocks by -45 percentage points.

Chemical & Mining Co Of Chile has an average 1 year price target of $57.72, an upside of 32.65% from Chemical & Mining Co Of Chile's current stock price of $43.51.

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.

Albemarle (NYSE:ALB) is the second best specialty chemical stock with a Zen Score of 65, which is 29 points higher than the specialty chemical industry average of 36. It passed 24 out of 38 due diligence checks and has strong fundamentals. Albemarle has seen its stock lose -34.91% over the past year, underperforming other specialty chemical stocks by -45 percentage points.

Albemarle has an average 1 year price target of $141.71, an upside of 23.24% from Albemarle's current stock price of $114.98.

Albemarle stock has a consensus Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Albemarle, 29.41% have issued a Strong Buy rating, 17.65% have issued a Buy, 41.18% have issued a hold, while 0% have issued a Sell rating, and 11.76% have issued a Strong Sell.

Oil Dri Of America (NYSE:ODC) is the third best specialty chemical stock with a Zen Score of 63, which is 27 points higher than the specialty chemical industry average of 36. It passed 23 out of 38 due diligence checks and has strong fundamentals. Oil Dri Of America has seen its stock return 58.85% over the past year, overperforming other specialty chemical stocks by 49 percentage points.

Out of 39 specialty chemical stocks that have issued dividends in the past year, the 3 specialty chemical stocks with the highest dividend yields are:

Futurefuel (NYSE:FF) has an annual dividend yield of 49.28%, which is 46 percentage points higher than the specialty chemical industry average of 3.5%. Futurefuel's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Futurefuel's dividend has shown consistent growth over the last 10 years.

Futurefuel's dividend payout ratio of 28.2% 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 11.78%, which is 8 percentage points higher than the specialty chemical industry average of 3.5%. Chemical & Mining Co Of Chile's dividend payout is not stable, having dropped more than 10% sixteen 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 65.4% indicates that its high dividend yield is sustainable for the long-term.

Sasol (NYSE:SSL) has an annual dividend yield of 9.27%, which is 6 percentage points higher than the specialty chemical industry average of 3.5%. Sasol's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Sasol's dividend has not shown consistent growth over the last 10 years.

Sasol's dividend payout ratio of 169.2% indicates that its high dividend yield might not be sustainable for the long-term.

Specialty chemical stocks were down -1.72% in the last day, and down -1.38% over the last week. Newmarket was the among the top losers in the specialty chemicals industry, dropping -8.51% yesterday.

NewMarket shares are trading lower after the company reported a year-over-year decrease in Q1 net sales results.

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

Hudson Technologies (NASDAQ:HDSN) is the most undervalued specialty chemical stock based on WallStreetZen's Valuation Score. Hudson Technologies has a valuation score of 100, which is 65 points higher than the specialty chemical industry average of 35. It passed 7 out of 7 valuation due diligence checks.

Hudson Technologies's stock has gained 33.38% in the past year. It has overperformed other stocks in the specialty chemical industry by 23 percentage points.

Albemarle (NYSE:ALB) is the second most undervalued specialty chemical stock based on WallStreetZen's Valuation Score. Albemarle has a valuation score of 71, which is 36 points higher than the specialty chemical industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Albemarle's stock has dropped -34.91% in the past year. It has underperformed other stocks in the specialty chemical industry by -45 percentage points.

Arcadium Lithium (NYSE:ALTM) is the third most undervalued specialty chemical stock based on WallStreetZen's Valuation Score. Arcadium Lithium has a valuation score of 71, which is 36 points higher than the specialty chemical industry average of 35. It passed 5 out of 7 valuation due diligence checks.