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Shares of Eastman Chemical Company (NYSE:EMN) have been given an average recommendation of “Buy” by the thirteen ratings firms that are covering the company, AmericanBankingNews.com reports. Six analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $91.36.

EMN has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Eastman Chemical Company in a research note on Tuesday, August 5th. They now have a $83.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Eastman Chemical Company in a research note on Wednesday, July 30th. They now have a $96.00 price target on the stock, down previously from $97.00. Finally, analysts at SunTrust downgraded shares of Eastman Chemical Company from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $89.00 price target on the stock, down previously from $101.00.

Shares of Eastman Chemical Company (NYSE:EMN) opened at 82.47 on Tuesday. Eastman Chemical Company has a one year low of $72.62 and a one year high of $90.55. The stock has a 50-day moving average of $82.85 and a 200-day moving average of $85.43. The company has a market cap of $12.295 billion and a price-to-earnings ratio of 10.80.

Eastman Chemical Company (NYSE:EMN) last posted its quarterly earnings results on Monday, July 28th. The company reported $1.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.84 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the company posted $1.80 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Analysts expect that Eastman Chemical Company will post $6.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, September 11th.

Eastman Chemical Company 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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