There is no way Eastman Chemical Co (EMN) can keep these numbers up

With 1.05 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.04 million shares. During the session, the Specialty Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $83.08 whereas the lowest price it dropped to was $81.95. The 52-week range on EMN shows that it touched its highest point at $91.38 and its lowest point at $68.89 during that stretch. It currently has a 1-year price target of $93.08. With its current market cap of 9.84 billion, EMN has annualized dividend of $3.28 while the current yield stands at 3.95%. Beta for the stock currently stands at 1.54.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EMN was down-trending over the past week, with a drop of -2.20%, but this was down by -5.48% over a month. Three-month performance surged to 9.49% while six-month performance fell -1.64%. The stock lost -8.58% in the past year, while it has lost -7.60% so far this year. A look at the trailing 12-month EPS for EMN yields 7.50 with Next year EPS estimates of 8.90. For the next quarter, that number is 1.44. This implies an EPS growth rate of 19.47% for this year and 16.45% for next year. EPS is expected to grow by 4.83% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.18%.

Float and Shares Shorts:

At present, 118.56 million EMN shares are outstanding with a float of 117.77 million shares on hand for trading. On Jan 11, 2024, short shares totaled 1.24 million, which was 1.05% higher than short shares on Dec 14, 2023. In addition to EMR as the firm’s Emerson Electric Company, ETN serves as its Eaton Corporation, PLC.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EMN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EMN analysts setting a high price target of $101.00 and a low target of $84.00, the average target price over the next 12 months is $93.08. Based on these targets, EMN could surge 21.7% to reach the target high and rise by 1.22% to reach the target low. Reaching the average price target will result in a growth of 12.16% from current levels.

Summary of Insider Activity:

Insiders traded EMN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 185,612 while 62,901 shares were sold.