Eastman Chemical Company (NYSE:EMN) : 10 analysts are covering Eastman Chemical Company (NYSE:EMN) and their average rating on the stock is 2, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Eastman Chemical Company (NYSE:EMN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Eastman Chemical Company (NYSE:EMN) : 10 investment research analysts covering Eastman Chemical Company (NYSE:EMN) have an average price target of $80.9 for the near short term. The highest target price given by the Brokerage Firm to the stock is $96 and the lowest target is $65 for the short term. Analysts expect the variance to be within $9.62 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, CLSA, downgrades their rating on the shares of Eastman Chemical Company (NYSE:EMN). CLSA has a Underperform rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 2, 2016.
Eastman Chemical Company (NYSE:EMN): stock turned positive on Tuesday. Though the stock opened at $66.69, the bulls momentum made the stock top out at $66.9303 level for the day. The stock recorded a low of $65.51 and closed the trading day at $66.51, in the green by 1.06%. The total traded volume for the day was 1,545,826. The stock had closed at $65.81 in the previous days trading.
In an insider trading activity, Costa Mark J, director officer (Chief Executive Officer) of Eastman Chemical Co, unloaded 38,400 shares at an average price of $75.21 on May 9, 2016. The total amount of the transaction was worth $2,888,064, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.