The FY2016 EPS Estimates for Eastman Chemical Co. Upgrade by Analyst (EMN)

Its stake was valued at $61,020,000 an increase of $8,783,000 according to the filing. PGGM Investments lifted its holdings in shares of Eastman Chemical by 259.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,965 shares of the company's stock worth $133,000 after buying an additional 361 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Eastman Chemical in the 2nd quarter valued at about $160,000. Neuberger Berman Group Inc Lc has 0% invested in Eastman Chemical Company (NYSE:EMN) for 18,285 shares. Teachers Advisors LLC grew its position in Eastman Chemical by 26.6% during the 1st quarter. American International Group Inc cut its holdings by shedding 23,585 shares a decrease of 27.3%. Gotham Asset Mngmt Limited Liability Company holds 0.04% or 40,904 shares in its portfolio. Ltd. raised its position in shares of Eastman Chemical by 127.4% in the second quarter. Janus Henderson Group PLC now owns 25,832 shares of the basic materials company's stock worth $2,170,000 after acquiring an additional 7,199 shares during the last quarter. Finally, Exane Derivatives lifted its holdings in Eastman Chemical by 569,000.0% in the second quarter. PGGM Investments now owns 333,625 shares of the basic materials company's stock valued at $30,190,000 after buying an additional 240,832 shares during the last quarter. The company's institutional ownership is monitored at 87.7 percent. Investment Counselors of Maryland LLC acquired a new position in shares of Eastman Chemical during the third quarter worth about $120,000. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & global copyright and trademark law.

Shares of Eastman Chemical (NYSE:EMN) opened at 71.39 on Wednesday.

A number of research firms recently commented on EMN. Wells Fargo maintained Eastman Chemical Company (NYSE:EMN) on Monday, October 30 with "Buy" rating. Nomura cut shares of Eastman Chemical from a "buy" rating to a "neutral" rating and set a $91.00 target price for the company.in a research report on Tuesday, October 10th. Cowen and Company reiterated a "buy" rating and set a $88.00 target price on shares of Eastman Chemical in a research note on Friday, July 14th. They noted that the move was a valuation call. SunTrust Banks Inc. restated a "neutral" rating and issued a $66.00 price target on shares of Eastman Chemical in a report on Tuesday, August 2nd. Finally, Goldman Sachs Group, Inc. The legal version of this report can be read at https://www.truebluetribune.com/2017/11/13/eastman-chemical-company-emn-price-target-raised-to-103-00-at-ubs-ag.html. Recently, investment analysts covering the stock have updated the mean rating to 2.8. The company has a consensus rating of "Hold" and a consensus price target of $96.00. The stock has a market cap of $13,043.90, a PE ratio of 12.08, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. The company reported $1.86 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.67 by $0.19. Eastman Chemical Company has a 52-week low of $73.52 and a 52-week high of $94.96.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, October 27th. In the latest earnings report the EPS was $6.89 with 143.73M shares now outstanding. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.35 billion. Eastman Chemical had a return on equity of 22.77% and a net margin of 10.89%. The firm's revenue was down 6.5% compared to the same quarter past year. The business's revenue was up 7.8% on a year-over-year basis. analysts forecast that Eastman Chemical Company will post 7.13 earnings per share for the current year.

In related news, Director Renee J. Hornbaker sold 4,000 shares of the company's stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $84.43, for a total value of $337,720.00. Following the completion of the transaction, the director now owns 21,858 shares in the company, valued at approximately $1,845,470.94. Also, SVP Perry Stuckey sold 5,200 shares of the firm's stock in a transaction dated Tuesday, October 31st. The disclosure for this sale can be found here. Corporate insiders own 1.14% of the company's stock.

Eastman Chemical Company is an advanced materials and specialty additives company. The Company's divisions include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. 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.

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