Analyst Price Target Update on Eastman Chemical Company (NYSE:EMN)

Eastman Chemical Company (NYSE:EMN) stock has received a short term price target of $ 82.73 from 11 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $10.66. The higher estimate of target price is $99 , while the lower price target estimate is $65

Many analysts have stated their opinion on the company shares. Brokerage firm CLSA downgrades its rating on Eastman Chemical Company (NYSE:EMN). The shares have been rated Underperform. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The director officer (Chief Executive Officer) of Eastman Chemical Co, Costa Mark J sold 38,400 shares at $75.21 on May 9, 2016. The Insider selling transaction had a total value worth of $2,888,064. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Eastman Chemical Company (NYSE:EMN) : On Monday heightened volatility was witnessed in Eastman Chemical Company (NYSE:EMN) which led to swings in the share price. The stock opened for trading at $72.26 and hit $74.15 on the upside , eventually ending the session at $72.56, with a gain of 0.17% or 0.12 points. The heightened volatility saw the trading volume jump to 1,686,025 shares. The 52-week high of the share price is $83.9 and the company has a market cap of $10,727 million. The 52-week low of the share price is at $56.03 .

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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