News articles about Eastman Chemical (NYSE:EMN) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eastman Chemical earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 45.7609671796847 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms have recently weighed in on EMN. Tudor Pickering began coverage on Eastman Chemical in a report on Tuesday, November 14th. They set a “hold” rating on the stock. J P Morgan Chase & Co increased their price target on Eastman Chemical from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $93.00 price target (up from $91.00) on shares of Eastman Chemical in a report on Monday, October 30th. Wells Fargo & Company reissued an “outperform” rating and set a $102.00 price target (up from $94.00) on shares of Eastman Chemical in a report on Monday, October 30th. They noted that the move was a valuation call. Finally, KeyCorp reissued a “buy” rating and set a $108.00 price target (up from $100.00) on shares of Eastman Chemical in a report on Monday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $96.00.
Shares of Eastman Chemical (NYSE EMN) traded up $0.31 during mid-day trading on Tuesday, reaching $90.05. The company’s stock had a trading volume of 698,400 shares, compared to its average volume of 1,161,000. Eastman Chemical has a 1-year low of $73.52 and a 1-year high of $94.96. The stock has a market cap of $12,900.00, a price-to-earnings ratio of 11.95, a PEG ratio of 1.53 and a beta of 1.31. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.83 and a quick ratio of 0.94.
Eastman Chemical (NYSE:EMN) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $2.19 EPS for the quarter, beating the 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 business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The business’s revenue was up 7.8% on a year-over-year basis. equities analysts anticipate that Eastman Chemical will post 7.13 earnings per share for the current fiscal year.
In other Eastman Chemical news, SVP Perry Stuckey sold 5,200 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $92.12, for a total transaction of $479,024.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.14% of the stock is owned by corporate insiders.
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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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