A statement released today by Zacks Investment Research about Eastman Chemical Company (NYSE:EMN) raises the target price to $85.00
- Updated: November 27, 2016
Having a price of $75.60, Eastman Chemical Company (NYSE:EMN) traded -1.87% lower on the day. With the last close up 8.41% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Eastman Chemical Company has recorded a 50-day average of $70.29 and a two hundred day average of $69.31. Volume of trade was down over the average, with 959,004 shares of EMN changing hands under the typical 1,474,830
In a report released on 11/22/2016 Zacks Investment Research increased the stock price target of Eastman Chemical Company (NYSE:EMN) to $85.00 stating a potential upside of 0.12%.
On 2/2/2016, Barclays Capital released a statement on Eastman Chemical Company (NYSE:EMN) dropped the target price from $86.00 to $72.00 that suggested an upside of 0.23%.
With a total market value of $0, Eastman Chemical Company has price-earnings ratio of 12.99 with a one year low of $56.03 and a one year high of $78.79 .
A total of 16 analysts have released a report on Eastman Chemical Company. Three analysts rating the company a strong buy, eight analysts rating the company a buy, four analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $81.38.
More 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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