With 1.33 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.34 million shares. The 52-week range on EMN shows that it touched its highest point at $114.50 and its lowest point at $70.90 during that stretch. It currently has a 1-year price target of $94.26. With its current market cap of 8.94 billion, EMN has annualized dividend of $3.28 while the current yield stands at 4.23%. Beta for the stock currently stands at 1.28.
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 up-trending over the past week, with a rise of 1.61%, but this was up by 6.53% over a month. Three-month performance dropped to -23.51% while six-month performance fell -22.59%. The stock lost -21.57% in the past year, while it has lost -15.19% so far this year. A look at the trailing 12-month EPS for EMN yields 7.85 with Next year EPS estimates of 8.31. For the next quarter, that number is 1.80. This implies an EPS growth rate of -5.93% for this year and 12.01% for next year. EPS is expected to grow by 5.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.97%.
Float and Shares Shorts:
At present, 115.41 million EMN shares are outstanding with a float of 114.60 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EMN since 13 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $7.66864 being high and $7.54866 being low. For EMN, this leads to a yearly average estimate of $7.59865.
