Impact of Brokerage Rating on Eastman Chemical Company(EMN)

Many Eastman Chemical Company(EMN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Barclays on Jan 30, 2017 to Equal Weight, Raises Price Target to $ 85 from a previous price target of $80 .Eastman Chemical Company was Downgraded by Standpoint Research to Hold on Jan 24, 2017. Company shares were Reiterated by Cowen on Dec 23, 2016 to Outperform, Raises Price Target to $ 88 from a previous price target of $80 .

Company has reported several Insider transactions to the SEC, on Feb 7, 2017, Curtis E Espeland (EVP & CFO) sold 17,100 shares at 78.00 per share price.On Feb 3, 2017, Robert M Hernandez (director) sold 8,000 shares at 77.75 per share price.On Dec 7, 2016, Stephen R Demeritt (director) sold 4,000 shares at 75.81 per share price.

Eastman Chemical Company Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.50. The company had revenue of $2188.00 million for the quarter, compared to analysts expectations of $2141.08 million. The companys revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.59 EPS.

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 1.73 by 11 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.

Eastman Chemical Company (NYSE:EMN): The stock price is expected to reach $ 83.46 in the short term. The number of analysts agreeing with this consensus is 11. The higher estimate for the short term price target is at $95 while the lower estimate is at $75. The standard deviation of the price stands at $6.92.

Eastman Chemical Company (NYSE:EMN) rose 0.65% or 0.52 points on Tuesday and made its way into the gainers of the day. After trading began at $79.6 the stock was seen hitting $80.64 as a peak level and $79.57 as the lowest level. The stock ended up at $80.58. The daily volume was measured at 812,465 shares. The 52-week high of the share price is $80.64 and the 52-week low is $60.6. The company has a market cap of $11,825 million.

Eastman Chemical Company is a global chemical company with a broad portfolio of chemical, plastic, and fiber products. The company manufactures and sells chemicals and specialty polymers supplied to the inks, coatings, adhesives, sealants, and textile industries; fine chemicals; performance chemicals and intermediates; specialty plastics; polyester plastics such as polyethylene terephthalate sold under the trademark EASTAPAK polymers; and fibers.

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