1 week Ago By Defense World 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 report released on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $91.00 price target on the basic materials company’s stock.
Royal Bank of Canada’s price objective points to a potential upside of 19.77% from the stock’s current price.Several other equities research analysts have also commented on the company.
UBS Group lowered their price objective on Eastman Chemical from $123.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday.
JPMorgan Chase & Co. increased their price target on shares of Eastman Chemical from $110.00 to $112.
00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Citigroup raised shares of Eastman Chemical from a “neutral” rating to a “buy” rating and cut their price objective for the company from $105.00 to $101.
00 in a report on Friday, April 4th. Bank of America raised shares of Eastman Chemical from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $115.00 to $109.
00 in a research note on Tuesday, January 14th. Finally, Mizuho upgraded Eastman Chemical from a “neutral” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Thursday, April 3rd.
Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Eastman Chemical has a consensus rating of “Moderate Buy” and an average target price of $107.
75.Get Our Latest Report on EMNEastman Chemical Trading Down 6.8 %Shares of Eastman Chemical stock opened at $75.
98 on Wednesday. Eastman Chemical has a 12-month low of $70.90 and a 12-month high of $114.
50. The firm’s 50 day simple moving average is $92.48 and its two-hundred day simple moving average is $97.
47. The company has a current ratio of 1.51, a quick ratio of 0.
78 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $8.
75 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 1.22 and a beta of 1.
38. Eastman Chemical (NYSE:EMN – Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.
87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.27.
Eastman Chemical had a return on equity of 16.27% and a net margin of 9.65%.
Analysts predict that Eastman Chemical will post 8.55 EPS for the current year. Institutional Investors Weigh In On Eastman ChemicalInstitutional investors and hedge funds have recently added to or reduced their stakes in the business.
Crews Bank & Trust purchased a new stake in shares of Eastman Chemical in the 4th quarter valued at approximately $27,000. Picton Mahoney Asset Management lifted its stake in Eastman Chemical by 62.3% during the fourth quarter.
Picton Mahoney Asset Management now owns 323 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Assetmark Inc. boosted its position in shares of Eastman Chemical by 384.
4% during the fourth quarter. Assetmark Inc. now owns 373 shares of the basic materials company’s stock worth $34,000 after buying an additional 296 shares during the period.
Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Eastman Chemical during the fourth quarter worth $35,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Eastman Chemical in the 4th quarter valued at $37,000.
Hedge funds and other institutional investors own 83.65% of the company’s stock. 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.Read MoreFive stocks we like better than Eastman ChemicalUsing the MarketBeat Dividend Yield CalculatorJoby Aviation: Operational Momentum vs. Market SentimentMastering Discipline: Overcoming Emotional Challenges In TradingBroadcom’s Big Outperformance Shows Strength Amid Tariff DeclineWhy Are Stock Sectors Important to Successful Investing?Carvana: Can Turnaround Strength Outdrive Market Headwinds?.
