Zacks Reiterates Outperform on Eastman Chemical (EMN)
Eastman Chemical (NYSE: EMN)‘s stock had its “outperform” rating restated by Zacks in a research report issued to clients and investors on Thursday. They currently have a $61.00 price target on the stock.
EMN has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Eastman Chemical from $50.00 to $57.00 in a research note to investors on Monday, April 30th. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs (NYSE: GS) upgraded shares of Eastman Chemical to a “buy” rating in a research note to investors on Monday, April 9th. They now have a $64.00 price target on the stock. Finally, analysts at Bank of America (NYSE: BAC) raised their EPS on shares of Eastman Chemical in a research note to investors on Wednesday, February 29th. They now have a “buy” rating and a $68.00 price target on the stock.
Eastman Chemical opened at 50.00 on Thursday. Eastman Chemical has a 1-year low of $32.445 and a 1-year high of $55.53. The company has a market cap of $6.900 billion and a price-to-earnings ratio of 11.58.
Eastman Chemical last released its earnings data on Thursday, April 26th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Eastman Chemical will post $1.42 EPS next quarter.
Eastman Chemical Company (Eastman) is a global chemical company, which manufactures and sells a portfolio of chemicals, plastics, and fibers.