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Zacks Investment Research downgraded Eastman Chemical Company (NYSE:EMN) to Hold in a report released today.

Zacks Investment Research has downgraded Eastman Chemical Company (NYSE:EMN) to Hold in a report released on 10/13/2016.

Just yesterday Eastman Chemical Company (NYSE:EMN) traded -1.71% lower at $63.34. Eastman Chemical Company’s 50-day moving average is $66.23 and its 200-day moving average is $70.15. The last closing price is down -9.80% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,813,288 shares of EMN traded hands, up from an average trading volume of 1,314,730

Recent Performance Chart

Eastman Chemical Company (NYSE:EMN)

Eastman Chemical Company has 52 week low of $56.03 and a 52 week high of $78.79 with a PE ratio of 10.66 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 16 brokerages have issued a ratings update on the company. The average stock price target is $81.38 with 3 brokerages rating the stock a strong buy, 8 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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