Eastman Chemical Company (NYSE:EMN) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 30, 2016
Zacks Investment Research has downgraded Eastman Chemical Company (NYSE:EMN) to Hold in a statement released on 11/30/2016.
On 11/29/2016, Zacks Investment Research released a statement for Eastman Chemical Company (NYSE:EMN) bumped up the target price from $0.00 to $83.00 that suggested an upside of 0.12%.
Boasting a price of $74.17, Eastman Chemical Company (NYSE:EMN) traded 1.93% higher on the day. With the last stock price close up 8.53% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Eastman Chemical Company has recorded a 50-day average of $70.51 and a two hundred day average of $69.21. Volume of trade was down over the average, with 1,168,811 shares of EMN changing hands under the typical 1,491,120
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 12.98 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 16 brokers have issued a report on the stock. The consensus target price is $81.38 with 3 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers 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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