Economy

Are Analysts Bullish Eastman Chemical Company (NYSE:EMN) After Last Week?

Are Analysts Bullish Eastman Chemical Company (NYSE:EMN) After Last Week?”

However, the stock is trading at -1.82% versus recent highs ($114.72).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dnb Asset Management As invested in 0% or 15,136 shares. Exane Derivatives now owns 28,455 shares of the basic materials company's stock valued at $2,389,000 after purchasing an additional 28,450 shares during the last quarter. LLC's holdings in Eastman Chemical were worth $277,000 at the end of the most recent quarter. Raymond James Serv reported 5,466 shares. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Eastman Chemical by 36.1% during the first quarter. The fund owned 90,076 shares of the basic materials company's stock after selling 5,448 shares during the quarter.

In other Eastman Chemical news, Director Renee J. Hornbaker sold 4,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $84.24, for a total transaction of $117,936.00. Brandywine Global Invest Mgmt Limited Liability Company owns 685,728 shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock increased 0.96% or $0.22 on September 1, reaching $23.1. The value of the total investment in Eastman Chemical Company increased from $443,000 to $737,000,000 a change of 166,265.7% quarter over quarter.

Investors sentiment increased to 1.29 in Q4 2016. The original version of this article can be accessed at https://www.truebluetribune.com/2017/09/06/eastman-chemical-company-emn-shares-sold-by-comerica-bank.html.

Keeping an eye on Moving Averages, the 50-day is 48.18, the 200-day is at 44.78, and the 7-day is 48.82 for Nippon Telegraph and Telephone Corporation (NTTYY).

The company is up since yesterday's close of $87.31. This company shares are 5.52% off its target price of $92.13 and the current market capitalization stands at $12.69B. Dekabank Deutsche Girozentrale reported 0.1% in Eastman Chemical Company (NYSE:EMN). The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.35 billion. Revenue during the quarter was $2.42 billion, representing 5% growth from $2.3 billion in year-ago quarter.

This table compares Enzymotec and Eastman Chemical's net margins, return on equity and return on assets. Eastman Chemical's quarterly revenue was up 5.3% compared to the same quarter previous year. Blackstone Group L.P. bought a new position in Eastman Chemical in the 1st quarter worth $102,065,000. Eastman Chemical Company has 145.3 million shares outstanding, and in the last trade has seen ATR around 1.21. Stockholders of record on Friday, September 15th will be given a dividend of $0.51 per share. The ex-dividend date will be on Tuesday June 13th, 2017. Eastman Chemical's dividend payout ratio is presently 32.28%.

Several research firms have commented on EMN. The rating was downgraded by Mainfirst to "Underperform" on Wednesday, October 28. $316,720 worth of Eastman Chemical Company (NYSE:EMN) was sold by RAISBECK DAVID W on Tuesday, March 7.

Ratings analysis reveals 20% of Eastman Chemical's analysts are positive. Below is a list of Eastman Chemical Company (NYSE:EMN) latest ratings and price target changes. Eastman Chemical Company had 38 analyst reports since July 30, 2015 according to SRatingsIntel. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. The rating was maintained by Citigroup on Wednesday, August 2 with "Buy". Contravisory Investment Management Inc. boosted its holdings in Eastman Chemical by 1.6% in the 2nd quarter. "Lowers Stake in Eastman Chemical Company (NYSE:EMN)" was published by Week Herald and is the property of of Week Herald. If you are reading this article on another domain, it was stolen and republished in violation of USA & worldwide copyright and trademark laws.

Eastman Chemical Company (Eastman), launched on July 29, 1993, is an advanced materials and specialty additives company that produces a range of advanced materials, specialty additives, chemicals, and fibers found in items people use every day. The Company operates through four segments: Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. 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.



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