Short Term Rating on Eastman Chemical Company (EMN)

Eastman Chemical Company (EMN) : 5 brokerage houses believe that Eastman Chemical Company (EMN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Eastman Chemical Company (EMN). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Eastman Chemical Company (EMN) : The consensus price target for Eastman Chemical Company (EMN) is $80.4 for the short term with a standard deviation of $9.8. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $96, however, the pessimist price target for the company is $65.

For the current week, the company shares have a recommendation consensus of Buy.


Eastman Chemical Company (NYSE:EMN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.89 and $69.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.36, notching a gain of 1.82% for the day. The total traded volume was 1,090,688 . The stock had closed at $69.10 on the previous day.

Eastman Chemical Company (Eastman) is a specialty chemicals company that produces a range of advanced materials, chemicals and fibers. The Company operates through five segments: Additives & Functional Products (AFP), Adhesives & Plasticizers (A&P), Advanced Materials (AM), Fibers, and Specialty Fluids & Intermediates (SFI). The Company manufactures chemicals for products in the coatings and tires industries in transportation, building and construction, durable goods, and consumables markets in the Additives & Functional Products segment. The Companys A&P segment focuses on producing intermediate chemicals. The Companys the AM segment produces and markets specialty copolyesters, cellulose esters, interlayers. In the Fibers segment, Eastman manufactures and sells Estron acetate tow and Estrobond triacetin plasticizers. The Companys SFI segment offers products, such as acetyl chemical intermediates, olefin derivatives, specialty fluids, and alkylamines.

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