Today, a Director at Eastman Chemical (EMN), David Raisbeck, bought shares of EMN for $988.3K.
Following this transaction David Raisbeck’s holding in the company was increased by 61.59% to a total of $2.59 million.
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Based on Eastman Chemical’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.54 billion and quarterly net profit of $412 million. In comparison, last year the company earned revenue of $2.46 billion and had a net profit of $323 million. EMN’s market cap is $10.25B and the company has a P/E ratio of 6.48. Currently, Eastman Chemical has an average volume of 298.4K.
Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $94.00, reflecting a 29.5% upside. Five different firms, including Cowen & Co. and Deutsche Bank, currently also have a Buy rating on the stock.
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Eastman Chemical Co. engages in the provision of specialty chemicals. It operates through the following segments: Additives and Functional Products; Advanced Materials; Chemical Intermediates; and Fibers.
