1 day Ago By ABMN Staff
Eastman Chemical ( NYSE:EMN – Get Free Report ) was the target of some unusual options trading on Monday. Stock investors acquired 6,066 call options on the company. This is an increase of 888% compared to the average volume of 614 call options.
Wall Street Analyst Weigh In A number of equities research analysts have issued reports on the company. Piper Sandler decreased their target price on Eastman Chemical from $105.00 to $99.
00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Wells Fargo & Company decreased their price objective on shares of Eastman Chemical from $125.00 to $90.
00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Citigroup upgraded shares of Eastman Chemical from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $105.00 to $101.
00 in a report on Friday, April 4th. Morgan Stanley cut their target price on shares of Eastman Chemical from $125.00 to $115.
00 and set an “overweight” rating for the company in a research report on Monday. Finally, Royal Bank of Canada raised Eastman Chemical from a “sector perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research report on Wednesday, April 9th.
Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.15.
View Our Latest Report on Eastman Chemical Institutional Investors Weigh In On Eastman Chemical Eastman Chemical Trading Up 0.6 % Shares of Eastman Chemical stock opened at $76.13 on Wednesday.
Eastman Chemical has a 52-week low of $70.90 and a 52-week high of $114.50.
The firm has a market capitalization of $8.77 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.
22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.
78, a current ratio of 1.51 and a quick ratio of 0.78.
The company’s fifty day moving average price is $86.38 and its two-hundred day moving average price is $94.51.
Eastman Chemical ( NYSE:EMN – Get Free Report ) last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.
89 by $0.02. The firm had revenue of $2.
29 billion during the quarter, compared to analyst estimates of $2.35 billion. Eastman Chemical had a net margin of 9.
65% and a return on equity of 16.27%. The company’s quarterly revenue was down .
9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 earnings per share.
On average, analysts expect that Eastman Chemical will post 8.55 EPS for the current year. Eastman Chemical Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th.
Shareholders of record on Friday, March 14th were paid a dividend of $0.83 per share. The ex-dividend date was Friday, March 14th.
This represents a $3.32 annualized dividend and a yield of 4.36%.
Eastman Chemical’s dividend payout ratio is currently 42.24%. About Eastman Chemical ( Get Free Report ) Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally.
The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids. Further Reading Receive News & Ratings for Eastman Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastman Chemical and related companies with MarketBeat.com's FREE daily email newsletter .
.
