Eastman Chemical (EMN) Earning Positive Press Coverage, Analysis Finds

News articles about Eastman Chemical (NYSE:EMN) have trended positive on Friday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Eastman Chemical earned a daily sentiment score of 2.57 on their scale. InfoTrie also gave news coverage about the basic materials company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Eastman Chemical’s score:

Several equities research analysts have recently issued reports on EMN shares. KeyCorp lowered their price target on Eastman Chemical from $122.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 29th. Zacks Investment Research raised Eastman Chemical from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Wednesday, October 3rd. JPMorgan Chase & Co. raised Eastman Chemical from a “neutral” rating to an “overweight” rating in a research report on Friday, October 12th. SunTrust Banks raised their price target on Eastman Chemical to $88.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Finally, ValuEngine cut shares of Eastman Chemical from a “sell” rating to a “strong sell” rating in a research note on Friday, November 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $99.50.

NYSE EMN opened at $75.73 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.69 and a quick ratio of 0.94. Eastman Chemical has a twelve month low of $73.95 and a twelve month high of $112.45. The stock has a market capitalization of $10.88 billion, a P/E ratio of 9.95, a P/E/G ratio of 1.06 and a beta of 1.28.

Eastman Chemical (NYSE:EMN) last released its earnings results on Thursday, October 25th. The basic materials company reported $2.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.05. Eastman Chemical had a net margin of 16.05% and a return on equity of 21.18%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.53 billion. As a group, sell-side analysts anticipate that Eastman Chemical will post 8.43 earnings per share for the current year.

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About Eastman Chemical

Eastman Chemical Company manufactures and sells materials, specialty additives, chemicals, and fibers in the United States and internationally. The company's Additives & Functional Products segment offers specialty coalescents, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; insoluble sulfur and antidegradant rubber additives; performance resins and amine derivative-based building blocks; heat transfer and aviation fluids; formic acid-based solutions; and metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators.

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