Eastman Chemical Company (NYSE:EMN) PEG Ratio At 1.91


Market experts has given a mean price target of $76.00 to Eastman Chemical Company (NYSE:EMN) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $1.50 for the near-term quarter and $6.54 for this year.

Technical View

The technical assessment of Eastman Chemical Company Common pinpoints that the 50-day moving average of Eastman Chemical Company (NYSE:EMN) stock is $65.96, and is trading $-0.62 points away or -0.93% from 50-day moving average of $65.96. It is trading $-5.29 or -7.50% off 200-day MA of $70.63.

The 52-week high of Eastman Chemical Company (NYSE:EMN) was $78.79 while $56.03 is the low point in the same period. Eastman Chemical Company Common share price has to rise more than $-13.45 to register a high for 52-weeks or drop +16.62% to make 52-week low. MA should be referred to as moving average.

Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.

P/E ratio

Eastman Chemical Company (NYSE:EMN) P/E ratio is 11.01 while PEG ratio is at 1.91. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.

Eastman Chemical Company Common stock recorded a close of $65.34 in last trading session, which brings it market cap to $9.65B.

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