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A statement released earlier today by Zacks Investment Research about Eastman Chemical Company (NYSE:EMN) bumps the target price to $83.00

Zacks Investment Research bumped up the target of Eastman Chemical Company (NYSE:EMN) to $83.00 indicating a possible upside of 0.12%.

Yesterday Eastman Chemical Company (NYSE:EMN) traded -0.11% lower at $74.41. The company’s 50-day moving average is $70.51 and its 200-day moving average is $69.21. The last stock close price is up 6.96% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 759,720 shares of the stock were exchanged, down from an average trading volume of 1,491,120

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Eastman Chemical Company (NYSE:EMN)

Eastman Chemical Company has a 52 week low of $56.03 and a 52 week high of $78.79 with a P/E ratio of 12.80 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 16 firms have issued a report on the stock. The consensus target price is $81.38 with 3 firms rating the stock a strong buy, 8 firms rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Eastman Chemical Company (NYSE:EMN)

Eastman Chemical Company (Eastman) is a specialty chemicals company that produces a range of advanced materials, chemicals and fibers. The Company operates through five segments: Additives & Functional Products (AFP), Adhesives & Plasticizers (A&P), Advanced Materials (AM), Fibers, and Specialty Fluids & Intermediates (SFI). In the AFP segment, the Company manufactures chemicals for products in the coatings, tires, consumables, animal nutrition, crop protection and energy markets. The A&P segment focuses on producing intermediate chemicals. In the AM segment, the Company produces and markets its polymers, films and plastics. In the Fibers segment, the Company manufactures and sells Estron acetate tow and Estrobond triacetin plasticizers; Estron natural (undyed) and Chromspun solution-dyed acetate yarns and cellulose acetate flake and acetyl raw materials. The SFI segment offers products, such as acetyl chemical intermediates, olefin derivatives, specialty fluids and alkylamines.

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