Eastman Chemical (NYSE:EMN) had its target price hoisted by equities researchers at Barclays from $100.00 to $108.00 in a report issued on Monday. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Barclays’ price target points to a potential upside of 7.84% from the stock’s previous close.
EMN has been the topic of a number of other research reports. Deutsche Bank raised their price target on shares of Eastman Chemical from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Eastman Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. JPMorgan Chase & Co. raised their price target on shares of Eastman Chemical from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Cowen restated an “outperform” rating and set a $106.00 price target (up previously from $92.00) on shares of Eastman Chemical in a report on Friday, December 8th. Finally, Tudor Pickering initiated coverage on shares of Eastman Chemical in a report on Tuesday, November 14th. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $101.13.
Eastman Chemical (NYSE:EMN) opened at $100.15 on Monday. The firm has a market cap of $14,195.61, a price-to-earnings ratio of 9.82, a PEG ratio of 1.46 and a beta of 1.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.83. Eastman Chemical has a twelve month low of $76.02 and a twelve month high of $103.21.
Large investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new position in Eastman Chemical in the 3rd quarter valued at $113,000. Vigilant Capital Management LLC acquired a new position in Eastman Chemical in the 4th quarter valued at $126,000. Psagot Investment House Ltd. grew its stake in Eastman Chemical by 60.0% in the 3rd quarter. Psagot Investment House Ltd. now owns 1,600 shares of the basic materials company’s stock valued at $145,000 after buying an additional 600 shares during the last quarter. M&R Capital Management Inc. grew its stake in Eastman Chemical by 62.9% in the 2nd quarter. M&R Capital Management Inc. now owns 1,812 shares of the basic materials company’s stock valued at $150,000 after buying an additional 700 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in Eastman Chemical in the 4th quarter valued at $200,000. Institutional investors and hedge funds own 82.30% of the company’s stock.
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Eastman Chemical Company Profile
Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company’s segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.
