RBC Capital analyst Arun Viswanathan reiterated a Hold rating on Eastman Chemical (NYSE: EMN) yesterday and set a price target of $104. The company’s shares opened today at $101.03.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 9.9% and a 60.8% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and Axalta Coating Systems.
The word on The Street in general, suggests a Hold analyst consensus rating for Eastman Chemical with a $104 average price target.
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Eastman Chemical’s market cap is currently $14.39B and has a P/E ratio of 9.87. The company has a Price to Book ratio of 2.59.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Brad Lich, the EVP & COO of EMN sold 24,834 shares for a total of $2,623,893.
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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.
