Eastman Chemical Company stock performance trend indicates that the stock price has rallied 3.41% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 16.98% . Looking at the past 52 week period, the stock price is up at 7.73% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Eastman Chemical Company has a positive value of 1.47 compared to overall market.Eastman Chemical Company is having a Relative Strength Index of 54.42 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Eastman Chemical Company (NYSE:EMN) rallied by 1.98% during the past week but lost 1.35% on a 4-week basis. The company has outperformed the S&P 500 by 1.74% in the past week but underperformed the index by 2.47% in the last 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. Eastman Chemical Company (NYSE:EMN) : On Friday heightened volatility was witnessed in Eastman Chemical Company (NYSE:EMN) which led to swings in the share price. The stock opened for trading at $79.3 and hit $79.78 on the upside , eventually ending the session at $79.17, with a gain of 0.35% or 0.28 points. The heightened volatility saw the trading volume jump to 1,355,727 shares. The 52-week high of the share price is $82.1 and the company has a market cap of $11,598 million. The 52-week low of the share price is at $62.7 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Barclays on Jan 30, 2017 to Equal Weight, Raises Price Target to $ 85 from a previous price target of $80 .Eastman Chemical Company was Downgraded by Standpoint Research to Hold on Jan 24, 2017. Company shares were Reiterated by Cowen on Dec 23, 2016 to Outperform, Raises Price Target to $ 88 from a previous price target of $80 .
Company has reported several Insider transactions to the SEC, on Mar 8, 2017, David W Raisbeck (director) sold 4,000 shares at 79.18 per share price.On Mar 3, 2017, Stephen Glenn Crawford (SVP & CTO) sold 3,800 shares at 80.73 per share price.On Mar 2, 2017, Scott V. King (CAO & Controller) sold 8,000 shares at 79.56 per share price.
Eastman Chemical Company Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.50. The company had revenue of $2188.00 million for the quarter, compared to analysts expectations of $2141.08 million. The companys revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.59 EPS.
Eastman Chemical Company is a global chemical company with a broad portfolio of chemical, plastic, and fiber products. The company manufactures and sells chemicals and specialty polymers supplied to the inks, coatings, adhesives, sealants, and textile industries; fine chemicals; performance chemicals and intermediates; specialty plastics; polyester plastics such as polyethylene terephthalate sold under the trademark EASTAPAK polymers; and fibers.