Eastman Chemical Company (NYSE:EMN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 10 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. CLSA downgrades its rating on Eastman Chemical Company (NYSE:EMN). Analysts at the CLSA have a current rating of Underperform on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 2, 2016.
Eastman Chemical Company (NYSE:EMN) should head towards $82.73 per share according to 11 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $65 per share. The higher price estimate target is at $99 according to the Analysts.
Eastman Chemical Company (NYSE:EMN) rose 0.14% or 0.1 points on Tuesday and made its way into the gainers of the day. After trading began at $72.21 the stock was seen hitting $72.26 as a peak level and $71.24 as the lowest level. The stock ended up at $72.07. The daily volume was measured at 1,146,116 shares. The 52-week high of the share price is $83.9 and the 52-week low is $56.03. The company has a market cap of $10,655 million.
Shares of Eastman Chemical Co. appreciated by 0.9% during the last five trading days but lost 1.03% on a 4-week basis. Eastman Chemical Co. has dropped 0.55% during the last 3-month period . Year-to-Date the stock performance stands at 8.15%.
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.