Eastman Chemical Receives a Hold from SunTrust Robinson

By Ryan Adsit

SunTrust Robinson analyst James Sheehan reiterated a Hold rating on Eastman Chemical (NYSE: EMN) on October 9 and set a price target of $90. The company’s shares opened today at $87.77, close to its 52-week high of $91.39.

According to TipRanks.com, Sheehan is a 5-star analyst with an average return of 15.2% and a 76.5% success rate. Sheehan covers the Consumer Goods sector, focusing on stocks such as Platform Specialty Products, Air Products and Chemicals, and American Vanguard Corp.

Currently, the analyst consensus on Eastman Chemical is Moderate Buy and the average price target is $94.29, representing a 7.4% upside.

In a report issued on October 10, Nomura also downgraded the stock to Hold with a $91 price target.

The company has a one-year high of $91.39 and a one-year low of $62.70. Currently, Eastman Chemical has an average volume of 1.07M.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Renee Hornbaker, a Director at EMN sold 4,000 shares for a total of $337,720.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Eastman Chemical Co. engages in the provision of specialty chemicals. It activities include production and distribution a range of advanced materials, chemicals and fibers. It operates through the following segments: Additives & Functional Products, Advanced Materials, Chemical Intermediates and Fibers.