Eastman Chemical Co (NYSE:EMN) Q4 2017 Sentiment

May 11, 2018 - By Linda Rogers

Eastman Chemical Company (NYSE:EMN) Logo

Sentiment for Eastman Chemical Co (NYSE:EMN)

Eastman Chemical Co (NYSE:EMN) institutional sentiment decreased to 1.17 in Q4 2017. Its down -0.01, from 1.18 in 2017Q3. The ratio worsened, as 256 investment managers opened new and increased positions, while 219 cut down and sold their stakes in Eastman Chemical Co. The investment managers in our partner’s database now have: 116.74 million shares, up from 115.86 million shares in 2017Q3. Also, the number of investment managers holding Eastman Chemical Co in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 32 Reduced: 187 Increased: 182 New Position: 74.

Eastman Chemical Company manufactures and sells materials, specialty additives, chemicals, and fibers in the United States and internationally. The company has market cap of $15.38 billion. The companyÂ’s Additives & Functional Products segment offers specialty coalescents, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; sulfur and antidegradant rubber additives; performance resins and amine-derivative 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. It has a 11.37 P/E ratio. The Company’s products are used in coatings, tires, consumables, building and construction, animal nutrition, care chemical, crop protection, and energy markets.

The stock increased 0.23% or $0.25 during the last trading session, reaching $107.7. About 837,920 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 34.74% since May 11, 2017 and is uptrending. It has outperformed by 23.19% the S&P500.

Bronson Point Management Llc holds 3.04% of its portfolio in Eastman Chemical Company for 125,000 shares. Hendley & Co Inc owns 58,640 shares or 2.78% of their US portfolio. Moreover, Wilen Investment Management Corp. has 2.49% invested in the company for 41,000 shares. The New York-based Mrj Capital Inc has invested 2.45% in the stock. Aldebaran Financial Inc., a Tennessee-based fund reported 34,368 shares.

Since January 1, 0001, it had 0 insider buys, and 10 insider sales for $10.21 million activity.

Eastman Chemical Company (NYSE:EMN) Ratings Coverage

Ratings analysis reveals 50% of Eastman Chemical’s analysts are positive. Out of 8 Wall Street analysts rating Eastman Chemical, 4 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $97.0 while the high is $125.0. The stock’s average target of $112.63 is 4.58% above today’s ($107.7) share price. EMN was included in 13 notes of analysts from December 8, 2017. Cowen & Co maintained it with “Buy” rating and $106.0 target in Friday, December 8 report. The firm has “Neutral” rating given on Monday, April 30 by Citigroup. SunTrust maintained the shares of EMN in report on Friday, February 2 with “Hold” rating. The stock of Eastman Chemical Company (NYSE:EMN) earned “Buy” rating by KeyBanc Capital Markets on Monday, January 8. On Monday, April 30 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The company was maintained on Tuesday, February 20 by Wells Fargo. As per Thursday, January 25, the company rating was maintained by RBC Capital Markets. The rating was maintained by Barclays Capital on Monday, February 5 with “Equal-Weight”. Jefferies maintained Eastman Chemical Company (NYSE:EMN) on Friday, March 9 with “Buy” rating. The firm has “Buy” rating given on Tuesday, February 6 by Jefferies.

Another recent and important Eastman Chemical Company (NYSE:EMN) news was published by Nasdaq.com which published an article titled: “Brad Lich to address the Goldman Sachs Basic Materials Conference” on May 08, 2018.

Eastman Chemical Company (NYSE:EMN) Institutional Positions Chart

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