Economy

Earnest Partners LLC Sells 12257 Shares of Eastman Chemical Company (EMN)

Gilead Sciences Inc now has $107.06 billion valuation. $88.50's average target is -1.28% below currents $89.65 stock price. Director Renee J. Hornbaker sold 4,000 shares at an average price of $84.43 on Tue the 22nd. Simple moving average analysis helps investors to quickly identify if a security is in an uptrend or downtrend. It has underperformed by 38.50% the S&P500. On average, analysts expect that Eastman Chemical will post $7.43 earnings per share for the current fiscal year. Therefore 60% are positive. Eastman Chemical Company has $100.0 highest and $73 lowest target. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.6, indicating analysts in general look favorably on the company's future prospects. The Return on Assets for Eastman Chemical Company (NYSE:EMN) is 0.058914. The rating was maintained by Cowen & Co with "Outperform" on Monday, April 25. The company was maintained on Sunday, July 30 by RBC Capital Markets. The company was maintained on Monday, November 2 by RBC Capital Markets. Two Sigma Investments LP now owns 947,290 shares of the basic materials company's stock valued at $71,246,000 after buying an additional 952,290 shares during the period. They now have a United States dollars 96 price target on the stock. The firm has "Buy" rating given on Thursday, August 20 by Deutsche Bank. On Friday, June 16 the stock rating was maintained by Jefferies with "Buy". Westwood Gru Incorporated holds 0% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 300 shares. The stock has "Outperform" rating by Cowen & Co on Friday, December 23. UBS Asset Management Americas Inc. grew its stake in Eastman Chemical by 10.5% during the 1st quarter. It also reduced Brandywine Rlty Tr (NYSE:BDN) stake by 18,238 shares and now owns 295,692 shares. Bunge Limited (NYSE:BG) was reduced too.

Since May 31, 2017, it had 0 buys, and 1 insider sale for $319,520 activity.

On 5/31/2017 Lewis M Kling, Director, sold 4,000 with an average share price of $79.88 per share and the total transaction amounting to $319,520.00. Cogan John Francis sold 9,943 shares worth $668,667. TransUnion had 33 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Eastman Chemical Company (NYSE:EMN) earned "Neutral" rating by Citigroup on Wednesday, September 7. The firm has "Corporate" rating by FinnCap given on Thursday, March 24.

Hollywood Bowl Group (LON:BOWL) had its stock rating noted as "Overweight" by analysts at JP Morgan Cazenove. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with "Hold". FinnCap maintained the stock with "Corporate" rating in Thursday, August 4 report. (NYSE:SLB), 26 have Buy rating, 1 Sell and 6 Hold. The stock of Gilead Sciences, Inc.

Investors sentiment decreased to 0.88 in 2017 Q2.

Since June 13, 2017, it had 1 insider buy, and 0 sales for $1.03 million activity. 110 funds opened positions while 462 raised stakes. Twin Tree Mgmt Lp reported 5,608 shares or 0% of all its holdings. Century Inc reported 318,237 shares stake. On Tuesday, August 2 the stock rating was downgraded by RBC Capital Markets to "Sector Perform". Camelot Portfolios stated it has 3,679 shares or 0.15% of all its holdings. Price T Rowe Associates Incorporated Md owns 271,434 shares or 0% of their U.S. portfolio. Carl Domino holds 13,819 shares or 1.14% of its portfolio. As of quarter end Bluecrest Capital Management Ltd had acquired a total of 11,125 shares growing its holdings by 11.1%. 18,255 were reported by Northern Capital Mgmt. 2,774 were reported by Ent Financial Svcs Corp. Pacer Advisors Inc. now owns 2,868 shares of the basic materials company's stock valued at $232,000 after purchasing an additional 88 shares in the last quarter. New York-based Kynikos Associates Limited Partnership has invested 0.91% in Schlumberger Limited. Martingale Asset Management L P invested in 0.07% or 54,844 shares.

Eastman Chemical Company (NYSE:EMN) has risen 7.60% since October 9, 2016 and is uptrending. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 14.06 and a beta of 1.27. The Company's divisions include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers.

A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. 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.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, July 27th. EMN's profit would be $294.14M giving it 11.04 P/E if the $2.03 EPS is correct.

Among 15 analysts covering Eastman Chemical Company (NYSE:EMN), 9 have Buy rating, 2 Sell and 4 Hold. Its shares have trimmed -1.9% since hitting a peak level of $91.39 on October 03, 2017.

This has had a small impact on the consensus estimate though as the current quarter consensus estimate has increased 0.5% in the past two months, while the full year estimate has inched lower by 0.4%. The Return on Investment (ROI) ratio of Eastman Chemical Co.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 116.54 million shares or 7.50% less from 125.99 million shares in 2017Q1 were reported.



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