Stock To Watch: Eastman Chemical Company (NYSE:EMN)


The leading market experts have placed a mean price target of $77.13 on Eastman Chemical Company (NYSE:EMN) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.50 a share for the upcoming quarter and $6.54 for the current fiscal.

Technical View

The technical analysis of Eastman Chemical Company Common plainly substantiates that the 50-day moving average of Eastman Chemical Company Common is $67.82, and stock is trading $-1.47 points away or -2.17% from its 50-day moving average of $67.82. Further it is trading $-3.76 or -5.36% away its 200-day moving average of $70.11. Eastman Chemical Company (NYSE:EMN) 52-week high is $78.79 and the 52-week low is $56.03.

This explains if the stock moves $-12.44, it will post a 52-week high. In event of +18.42% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Eastman Chemical Company Common, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Eastman Chemical Company (NYSE:EMN) ratio came in at 11.18.

The stock last ended the trading session at $66.35 and registered a market cap of $9.80B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Eastman Chemical Company (NYSE:EMN) PEG ratio is at 1.90.

1 Chart Pattern Every Investor Should Know

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