News articles about Eastman Chemical (NYSE:EMN) have been trending somewhat positive on Thursday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eastman Chemical earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.4775138320776 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

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A number of analysts have weighed in on EMN shares. Jefferies Group reiterated a “buy” rating on shares of Eastman Chemical in a report on Friday, March 9th. Zacks Investment Research upgraded Eastman Chemical from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a report on Wednesday, March 7th. KeyCorp reiterated a “buy” rating and set a $118.00 price target (up from $108.00) on shares of Eastman Chemical in a report on Monday, January 8th. Barclays increased their price target on Eastman Chemical from $100.00 to $108.00 and gave the stock an “equal weight” rating in a report on Monday, February 5th. Finally, SunTrust Banks increased their price target on Eastman Chemical to $105.00 and gave the stock a “hold” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $103.27.

Eastman Chemical stock traded down $3.50 during mid-day trading on Thursday, hitting $103.97. 1,020,045 shares of the stock were exchanged, compared to its average volume of 1,364,751. The company has a market cap of $15,165.91, a PE ratio of 10.27, a PEG ratio of 1.40 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 1.59 and a debt-to-equity ratio of 1.12. Eastman Chemical has a one year low of $76.02 and a one year high of $112.45.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.56. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Eastman Chemical had a net margin of 15.44% and a return on equity of 22.02%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 EPS. research analysts forecast that Eastman Chemical will post 8.53 EPS for the current year.

The business 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 dividend of $0.56 per share. The ex-dividend date is Wednesday, March 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.15%. Eastman Chemical’s dividend payout ratio (DPR) is presently 22.13%.

In related news, Director Stephen R. Demeritt sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $99.84, for a total value of $399,360.00. Following the transaction, the director now owns 17,732 shares of the company’s stock, valued at approximately $1,770,362.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Damon Cary Warmack sold 4,417 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $98.60, for a total transaction of $435,516.20. The disclosure for this sale can be found here. Insiders have sold a total of 134,335 shares of company stock worth $13,334,831 in the last three months. Insiders own 1.14% of the company’s stock.

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Eastman Chemical Company Profile

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.

Insider Buying and Selling by Quarter for Eastman Chemical (NYSE:EMN)

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