Press coverage about Eastman Chemical (NYSE:EMN) has been trending positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eastman Chemical earned a news impact score of 0.26 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.7734425125565 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Global Pyrrolidone Market 2018-2022 with Ashland, BASF, Eastman Chemical Company, Lyondellbasell Industries, Mitsubishi Chemical & Nippon Shokubai Dominating (prnewswire.com)
- 5 Reasons to Add Eastman Chemical to Your Portfolio Now (finance.yahoo.com)
- Eastman Chemical (EMN) to Raise Price of Choline Chloride (zacks.com)
- Celanese Announced a Product Price Increase (finance.yahoo.com)
- 88 NASCAR Team News and Links (espn.com)
Shares of Eastman Chemical (NYSE EMN) traded down $1.86 on Wednesday, reaching $107.49. 1,106,908 shares of the company’s stock were exchanged, compared to its average volume of 1,560,000. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.82 and a current ratio of 1.59. Eastman Chemical has a 1 year low of $76.02 and a 1 year high of $112.45. The company has a market capitalization of $15,370.00, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.46 and a beta of 1.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Thursday, March 15th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, March 14th. Eastman Chemical’s dividend payout ratio is presently 31.33%.
Several research analysts recently weighed in on EMN shares. Zacks Investment Research lowered shares of Eastman Chemical from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Cowen reissued an “outperform” rating and set a $106.00 price objective (up previously from $92.00) on shares of Eastman Chemical in a research note on Friday, December 8th. Tudor Pickering started coverage on shares of Eastman Chemical in a research note on Tuesday, November 14th. They set a “hold” rating on the stock. KeyCorp reissued a “buy” rating and set a $118.00 price objective (up previously from $108.00) on shares of Eastman Chemical in a research note on Monday, January 8th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $115.00 price target (up previously from $108.00) on shares of Eastman Chemical in a research note on Tuesday, February 20th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $103.27.
In other news, insider Damon Cary Warmack sold 2,710 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $102.22, for a total value of $277,016.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Curtis E. Espeland sold 47,000 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $100.00, for a total transaction of $4,700,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 134,335 shares of company stock worth $13,334,831. 1.14% of the stock is currently owned by insiders.
About Eastman Chemical
Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company’s segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.
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