Analysts at Jefferies & Co Kept the Same their Past ‘Buy’ rating on Shares Eastman Chemical Company (NYSE:EMN), Set a $90.00 Target

June 19, 2017 - By Hazel Jackson

 Analysts at Jefferies & Co Kept the Same their Past ‘Buy’ rating on Shares Eastman Chemical Company (NYSE:EMN), Set a $90.00 Target

Investors sentiment increased to 1.29 in 2016 Q4. Its up 0.22, from 1.07 in 2016Q3. It increased, as 35 investors sold Eastman Chemical Company shares while 172 reduced holdings. 78 funds opened positions while 188 raised stakes. 117.35 million shares or 0.81% less from 118.31 million shares in 2016Q3 were reported.

Kames Capital Public Ltd Co reported 0% stake. Moors Cabot reported 0.08% of its portfolio in Eastman Chemical Company (NYSE:EMN). Wealthtrust stated it has 0% in Eastman Chemical Company (NYSE:EMN). State Board Of Administration Of Florida Retirement Sys reported 209,293 shares or 0.05% of all its holdings. Blackrock accumulated 306,939 shares or 0.03% of the stock. Butensky Cohen Fincl Security reported 23,187 shares. Stevens Capital Mgmt L P stated it has 41,993 shares or 0.13% of all its holdings. Intll holds 0.03% or 88,609 shares. Cleararc Cap has invested 0.05% in Eastman Chemical Company (NYSE:EMN). Park Oh stated it has 3,078 shares. Rnc Management Ltd holds 3,263 shares. Tortoise Capital Lc invested 0% in Eastman Chemical Company (NYSE:EMN). Renaissance Technology Limited Com holds 0.02% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 164,340 shares. Alabama-based Stanley has invested 0.17% in Eastman Chemical Company (NYSE:EMN). Peak6 Invests Ltd Partnership holds 70,623 shares.

Since February 1, 2017, it had 0 buys, and 10 insider sales for $6.11 million activity. $65,746 worth of Eastman Chemical Company (NYSE:EMN) was sold by BOLDEA LUCIAN. Another trade for 3,800 shares valued at $306,774 was sold by CRAWFORD STEPHEN GLENN. Chung Michael HK sold $891,295 worth of stock or 10,968 shares. HERNANDEZ ROBERT M also sold $622,000 worth of Eastman Chemical Company (NYSE:EMN) shares. $636,460 worth of Eastman Chemical Company (NYSE:EMN) was sold by King Scott V. on Tuesday, February 28. Costa Mark J sold $1.30 million worth of Eastman Chemical Company (NYSE:EMN) on Friday, February 17.

Eastman Chemical Company (NYSE:EMN) Rating Reaffirmed

Equity research analysts at Jefferies & Co now has a $90.00 target price per share on Eastman Chemical Company (NYSE:EMN). Jefferies & Co and their recent target price per share means a potential upside of 8.37 % from the company’s last stock close price. The rating has been shown in a research report on Friday, 16 June.

Investors sentiment increased to 1.29 in 2016 Q4. Its up 0.22, from 1.07 in 2016Q3. It increased, as 35 investors sold Eastman Chemical Company shares while 172 reduced holdings. 78 funds opened positions while 188 raised stakes. 117.35 million shares or 0.81% less from 118.31 million shares in 2016Q3 were reported.

Kames Capital Public Ltd Co reported 0% stake. Moors Cabot reported 0.08% of its portfolio in Eastman Chemical Company (NYSE:EMN). Wealthtrust stated it has 0% in Eastman Chemical Company (NYSE:EMN). State Board Of Administration Of Florida Retirement Sys reported 209,293 shares or 0.05% of all its holdings. Blackrock accumulated 306,939 shares or 0.03% of the stock. Butensky Cohen Fincl Security reported 23,187 shares. Stevens Capital Mgmt L P stated it has 41,993 shares or 0.13% of all its holdings. Intll holds 0.03% or 88,609 shares. Cleararc Cap has invested 0.05% in Eastman Chemical Company (NYSE:EMN). Park Oh stated it has 3,078 shares. Rnc Management Ltd holds 3,263 shares. Tortoise Capital Lc invested 0% in Eastman Chemical Company (NYSE:EMN). Renaissance Technology Limited Com holds 0.02% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 164,340 shares. Alabama-based Stanley has invested 0.17% in Eastman Chemical Company (NYSE:EMN). Peak6 Invests Ltd Partnership holds 70,623 shares.

Since February 1, 2017, it had 0 buys, and 10 insider sales for $6.11 million activity. $65,746 worth of Eastman Chemical Company (NYSE:EMN) was sold by BOLDEA LUCIAN. Another trade for 3,800 shares valued at $306,774 was sold by CRAWFORD STEPHEN GLENN. Chung Michael HK sold $891,295 worth of stock or 10,968 shares. HERNANDEZ ROBERT M also sold $622,000 worth of Eastman Chemical Company (NYSE:EMN) shares. $636,460 worth of Eastman Chemical Company (NYSE:EMN) was sold by King Scott V. on Tuesday, February 28. Costa Mark J sold $1.30 million worth of Eastman Chemical Company (NYSE:EMN) on Friday, February 17.

Eastman Chemical Company (NYSE:EMN) Ratings Coverage

Among 14 analysts covering Eastman Chemical Company (NYSE:EMN), 8 have Buy rating, 2 Sell and 4 Hold. Therefore 57% are positive. Eastman Chemical Company has $92 highest and $73 lowest target. $83.30’s average target is -2.55% below currents $85.48 stock price. Eastman Chemical Company had 29 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Outperform” on Friday, December 23. The company was downgraded on Monday, May 2 by CLSA. The company was upgraded on Tuesday, January 5 by Citigroup. The stock of Eastman Chemical Company (NYSE:EMN) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, August 2. The stock of Eastman Chemical Company (NYSE:EMN) has “Overweight” rating given on Monday, November 2 by JP Morgan. Deutsche Bank maintained the shares of EMN in report on Friday, May 26 with “Buy” rating. The firm earned “Underperform” rating on Monday, May 2 by Credit Agricole. The stock of Eastman Chemical Company (NYSE:EMN) earned “Neutral” rating by Citigroup on Wednesday, September 7. Barclays Capital maintained it with “Equal Weight” rating and $85 target in Monday, January 30 report. Jefferies maintained Eastman Chemical Company (NYSE:EMN) rating on Monday, May 2. Jefferies has “Buy” rating and $88 target.

About 496,030 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since June 19, 2016 and is uptrending. It has underperformed by 9.10% the S&P500.

Analysts expect Eastman Chemical Company (NYSE:EMN) to report $1.89 EPS on July, 27.They anticipate $0.21 EPS change or 12.50 % from last quarter’s $1.68 EPS. EMN’s profit would be $278.15M giving it 11.31 P/E if the $1.89 EPS is correct. After having $1.83 EPS previously, Eastman Chemical Company’s analysts see 3.28 % EPS growth.

Eastman Chemical Company is an advanced materials and specialty additives company. The company has market cap of $12.58 billion. The Company’s divisions include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. It has a 14.36 P/E ratio. In the AFP segment, it makes 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.

More recent Eastman Chemical Company (NYSE:EMN) news were published by: Zacks.com which released: “Eastman Chemical Scales New 52-Week High: What’s Driving It?” on June 12, 2017. Also Nasdaq.com published the news titled: “Eastman Chemical Introduces Treva Engineering Bioplastics” on June 08, 2017. Investorplace.com‘s news article titled: “Here’s Why Eastman Chemical Company Stock (EMN) Was Downgraded” with publication date: May 24, 2017 was also an interesting one.

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