News articles about Eastman Chemical (NYSE:EMN) have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Eastman Chemical earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.3956958358868 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
A number of research firms have recently commented on EMN. Zacks Investment Research cut shares of Eastman Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Tudor Pickering began coverage on shares of Eastman Chemical in a report on Tuesday. They issued a “hold” rating on the stock. Cowen and Company upped their price target on shares of Eastman Chemical from $88.00 to $92.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. SunTrust Banks, Inc. restated a “hold” rating and issued a $90.00 price target on shares of Eastman Chemical in a report on Thursday, October 12th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $96.00 price target on shares of Eastman Chemical in a report on Tuesday, October 3rd. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Eastman Chemical currently has a consensus rating of “Hold” and an average target price of $96.00.
Shares of Eastman Chemical (EMN) traded down $0.69 during trading on Thursday, hitting $89.55. 2,355,700 shares of the company traded hands, compared to its average volume of 1,162,714. The stock has a market cap of $12,870.00, a price-to-earnings ratio of 12.02, a P/E/G ratio of 1.54 and a beta of 1.31. The company has a quick ratio of 0.94, a current ratio of 1.83 and a debt-to-equity ratio of 1.24. Eastman Chemical has a 52-week low of $73.52 and a 52-week high of $94.96.
Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $2.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.16. Eastman Chemical had a net margin of 10.89% and a return on equity of 22.77%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company earned $1.86 EPS. Eastman Chemical’s quarterly revenue was up 7.8% on a year-over-year basis. analysts anticipate that Eastman Chemical will post 7.13 EPS for the current year.
In related news, Director Renee J. Hornbaker sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $84.43, for a total value of $337,720.00. Following the transaction, the director now owns 21,858 shares in the company, valued at approximately $1,845,470.94. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Perry Stuckey sold 5,200 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $92.12, for a total transaction of $479,024.00. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by corporate insiders.
WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Impact Eastman Chemical (EMN) Stock Price” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.dispatchtribunal.com/2017/11/16/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-eastman-chemical-emn-stock-price.html.
About Eastman Chemical
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.
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