1 week Ago By ABMN Staff
Eastman Chemical ( NYSE:EMN – Get Free Report ) was upgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage currently has a $91.
00 price target on the basic materials company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 19.77% from the stock’s previous close.
EMN has been the topic of several other research reports. Bank of America raised Eastman Chemical from a “neutral” rating to a “buy” rating and cut their target price for the stock from $115.00 to $109.
00 in a research report on Tuesday, January 14th. Barclays reduced their price objective on shares of Eastman Chemical from $111.00 to $108.
00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. UBS Group dropped their target price on shares of Eastman Chemical from $123.00 to $115.
00 and set a “buy” rating on the stock in a research report on Monday. Piper Sandler reduced their price target on shares of Eastman Chemical from $105.00 to $99.
00 and set a “neutral” rating for the company in a research report on Monday. Finally, KeyCorp raised their price objective on Eastman Chemical from $121.00 to $128.
00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.
75. Check Out Our Latest Research Report on EMN Eastman Chemical Trading Down 6.8 % Eastman Chemical ( NYSE:EMN – Get Free Report ) last issued its earnings results on Thursday, January 30th.
The basic materials company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.
27. Eastman Chemical had a net margin of 9.65% and a return on equity of 16.
27%. As a group, research analysts expect that Eastman Chemical will post 8.55 EPS for the current fiscal year.
Institutional Investors Weigh In On Eastman Chemical Hedge funds have recently modified their holdings of the stock. Capital Research Global Investors increased its position in Eastman Chemical by 13.4% during the 4th quarter.
Capital Research Global Investors now owns 5,886,564 shares of the basic materials company’s stock worth $537,561,000 after purchasing an additional 697,388 shares during the period. Franklin Resources Inc. boosted its stake in shares of Eastman Chemical by 10.
8% in the fourth quarter. Franklin Resources Inc. now owns 5,785,259 shares of the basic materials company’s stock valued at $528,310,000 after buying an additional 565,821 shares in the last quarter.
Invesco Ltd. grew its holdings in Eastman Chemical by 11.1% during the fourth quarter.
Invesco Ltd. now owns 2,844,165 shares of the basic materials company’s stock worth $259,729,000 after acquiring an additional 284,271 shares during the period. Massachusetts Financial Services Co.
MA raised its position in Eastman Chemical by 4.0% in the fourth quarter. Massachusetts Financial Services Co.
MA now owns 2,843,506 shares of the basic materials company’s stock worth $259,669,000 after acquiring an additional 109,316 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Eastman Chemical by 1.7% in the fourth quarter.
Geode Capital Management LLC now owns 2,832,593 shares of the basic materials company’s stock valued at $257,986,000 after acquiring an additional 48,491 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.
About Eastman Chemical ( 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. Read More Receive News & Ratings for Eastman Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastman Chemical and related companies with MarketBeat.
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