Economy

Eastman Chemical Company (NYSE:EMN) Moves Into Potential Pullback Territory

The hedge fund run by Barry Lebovits held 2.11 million shares of the programming company at the end of 2017Q3, valued at $107.22M, down from 2.22M at the end of the previous reported quarter. At&T Inc now has $232.18 billion valuation. Insiders own 1.14% of the company's stock. About 4.59M shares traded or 45.23% up from the average. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since January 28, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Lvw Advisors Llc decreased its stake in Eastman Chem Co (EMN) by 59.93% based on its latest 2017Q3 regulatory filing with the SEC. BlackRock Inc. now owns 12,186,134 shares of the basic materials company's stock valued at $1,023,514,000 after purchasing an additional 717,506 shares in the last quarter. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The 9 months bullish chart indicates low risk for the $14.71B company. At the time of writing, the stock is trading at $102.31, a change of 2.02% from the previous close. During the same period last year, the company earned $1.86 earnings per share. research analysts anticipate that Eastman Chemical will post 7.12 EPS for the current year.

Taking a deeper look into the technical levels of Eastman Chemical Company (EMN), we can see that the Williams Percent Range or 14 day Williams %R now sits at -13.82. It has underperformed by 16.70% the S&P500.

Eastman Chemical Company (NYSE:EMN) has seen its stock price gain 9.67, or +10.44%, so far in 2017. Therefore 93% are positive. Cowen and Company reissued a "buy" rating and set a $88.00 price target on shares of Eastman Chemical in a research report on Friday, July 14th.

Needle moving action has been spotted in Eastman Chemical Company (EMN) as shares are moving today on volatility -0.67% or -0.69 from the open. Citigroup maintained the stock with "Neutral" rating in Wednesday, July 12 report. The firm has "Hold" rating given on Wednesday, April 19 by BMO Capital Markets. The stock of Eastman Chemical Company (NYSE:EMN) earned "Buy" rating by Citigroup on Monday, April 18. The consensus rating is 2.3, suggesting the market has given up on the stock. The rating was maintained by Cowen & Co on Friday, December 8 with "Buy". The rating was maintained by Jefferies on Friday, June 16 with "Buy". SunTrust Banks reaffirmed a hold rating and issued a $90.00 price objective on shares of Eastman Chemical in a report on Thursday, October 12th. Penney J C Inc (Put) (NYSE:JCP) was reduced too.

Since August 3, 2017, it had 0 insider purchases, and 3 sales for $934,680 activity. Stuckey Perry sold $479,024 worth of stock. COX MARK K had sold 1,400 shares worth $117,936 on Thursday, August 3. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.83. Its up 0.04, from 1.14 in 2017Q2. It is positive, as 32 investors sold EMN shares while 175 reduced holdings. Bank & Trust Of Mellon Corporation reported 16.78 million shares or 0.41% of all its holdings. 35,610 were reported by Citadel Advsr Limited Liability Com. United Services Automobile Association stated it has 48,809 shares. Cheviot Value Ltd Llc owns 60,872 shares. Meeder Asset Management accumulated 40,765 shares. Institutional investors own 82.67% of the company's stock. Benjamin F Edwards stated it has 848 shares. The institutional investor held 26,803 shares of the major chemicals company at the end of 2017Q3, valued at $2.43M, down from 31,823 at the end of the previous reported quarter. Neuberger Berman Gp Limited Liability Co owns 17,790 shares for 0% of their portfolio. Riverhead Capital Mgmt Ltd Liability accumulated 67,929 shares. Cadinha & Com holds 0.06% of its portfolio in Conagra Brands, Inc. State Of New Jersey Common Pension Fund D invested 0.01% in Eastman Chemical Company (NYSE:EMN). Twin Management holds 10,565 shares. Intersect Capital Llc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $547.34B market cap company. Its up 0.04, from 1.14 in 2017Q2. It also increased its holding in Tech Data Corp (NASDAQ:TECD) by 125,175 shares in the quarter, for a total of 288,601 shares, and has risen its stake in Amc Networks (NASDAQ:AMCX). 106 funds opened positions while 696 raised stakes. Panagora Asset Inc invested in 0.35% or 2.60 million shares.

Stryker Corporation (NYSE:SYK) shares ended at $168.91 with 1.31 mln shares exchanging hands. Cullen Frost Bankers reported 0.02% of its portfolio in Conagra Brands, Inc. (NYSE:ABBV) for 2,310 shares. Wagner Bowman Mngmt Corp invested 0.57% in AT&T Inc. The Quebec - Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.25% in Facebook, Inc. (NYSE:T). 2.25M were reported by Glenmede Tru Na. Epoch Inv Prtnrs owns 0.01% invested in Facebook, Inc. First National Bank Of Mount Dora Trust Invest, Florida-based fund reported 27,142 shares.

Barry Lebovits decreased its stake in Interxion Holding N.V (INXN) by 5.35% based on its latest 2017Q3 regulatory filing with the SEC. Cibc Markets holds 326,204 shares. Masters Cap Mgmt Ltd has 0.91% invested in AT&T Inc. About 5.89 million shares traded.

Analysts await Facebook, Inc.

Among 14 analysts covering ConAgra Foods (NYSE:CAG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 92% are positive. AmerisourceBergen had 63 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer on Wednesday, August 2 with "Buy". The rating was downgraded by Bank of America to "Neutral" on Friday, June 30.

ATR is counted for different periods, like 9-day, 14-day, 20-day, 50-day and 100-day. The firm has "Mkt Perform" rating given on Thursday, January 26 by FBR Capital. As per Monday, September 25, the company rating was downgraded by UBS.



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