Eastman Chemical Rating Reiterated by Zacks (EMN)
Eastman Chemical (NYSE:EMN)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued to investors on Thursday, Analyst Ratings News reports. They currently have a $82.00 target price on the stock. Zacks‘ price objective would indicate a potential upside of 5.37% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Eastman Chemical in a research note to investors on Friday, January 31st. They now have a $95.00 price target on the stock. Separately, analysts at UBS AG initiated coverage on shares of Eastman Chemical in a research note to investors on Tuesday, December 17th. They set a “buy” rating and a $92.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Eastman Chemical from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, November 8th. They now have a $83.00 price target on the stock, up previously from $82.00. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $86.62.
Shares of Eastman Chemical (NYSE:EMN) traded up 0.39% on Thursday, hitting $78.12. 1,594,531 shares of the company’s stock traded hands. Eastman Chemical has a 52-week low of $63.48 and a 52-week high of $82.96. The stock has a 50-day moving average of $77.92 and a 200-day moving average of $77.85. The company has a market cap of $12.020 billion and a price-to-earnings ratio of 10.46.
Eastman Chemical (NYSE:EMN) last issued its quarterly earnings data on Friday, January 31st. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.09. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.22 billion. Analysts expect that Eastman Chemical will post $6.96 EPS for the current fiscal year.
Eastman Chemical Company (NYSE:EMN) is a global specialty chemicals company that produces a range of advanced materials, chemicals and fibers that are found in products people use every day.
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