1 day Ago By ABMN Staff
Eastman Chemical ( NYSE:EMN – Get Free Report ) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $108.
07. Several research analysts have recently weighed in on EMN shares. Barclays lifted their price target on shares of Eastman Chemical from $103.
00 to $111.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Citigroup cut their price objective on shares of Eastman Chemical from $114.
00 to $111.00 and set a “buy” rating for the company in a report on Thursday, June 27th. StockNews.
com raised shares of Eastman Chemical from a “hold” rating to a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $100.00 target price on shares of Eastman Chemical in a research note on Tuesday, July 30th.
Finally, Piper Sandler reiterated a “neutral” rating and issued a $105.00 price target on shares of Eastman Chemical in a report on Tuesday, July 30th. Get Our Latest Stock Report on EMN Institutional Investors Weigh In On Eastman Chemical Eastman Chemical Stock Up 0.
4 % EMN opened at $106.38 on Monday. The stock has a market capitalization of $12.
52 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.75 and a beta of 1.
44. The firm has a 50 day moving average price of $98.89 and a 200-day moving average price of $98.
11. Eastman Chemical has a twelve month low of $68.89 and a twelve month high of $108.
04. The company has a quick ratio of 0.71, a current ratio of 1.
40 and a debt-to-equity ratio of 0.76. Eastman Chemical ( NYSE:EMN – Get Free Report ) last announced its earnings results on Thursday, July 25th.
The basic materials company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.
14. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.
36 billion. Eastman Chemical had a net margin of 9.65% and a return on equity of 13.
94%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year.
During the same period in the previous year, the business earned $1.99 EPS. Equities research analysts forecast that Eastman Chemical will post 7.
66 earnings per share for the current year. Eastman Chemical Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.
81 per share. The ex-dividend date is Monday, September 16th. This represents a $3.
24 annualized dividend and a yield of 3.05%. Eastman Chemical’s payout ratio is currently 41.
75%. Eastman Chemical Company Profile ( Get Free Report Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.
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