On Thursday, shares of Eastman Chemical Company (NYSE:EMN) marked $74.67 per share versus a previous $74.64 closing price. With having a 0.04% gain, an insight into the fundamental values of Eastman Chemical Company, investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. EMN showed a rise of 2.13% within its YTD performance, with highs and lows between $61.22 – $100.51 during the period of 52 weeks, compared to the simple moving average of -1.27% in the period of the last 200 days.
Tudor Pickering equity researchers changed the status of Eastman Chemical Company (NYSE: EMN) shares from “Hold” to a “Buy” rating in the report published on August 15th, 2019. Other analysts, including Cowen, also published their reports on EMN shares. Cowen repeated the rating from the previous report, marking EMN under “Market Perform” rating, in the report published on August 5th, 2019. Additionally, EMN shares got another “Neutral” rating from JP Morgan, setting a target price of $80 on the company’s shares, according to the report published in July 29th, 2019. On April 30th, 2019, Cowen Reiterated an Market Perform rating and increased its price target from $88 to $84. On the other hand, Nomura Upgrade the “Buy” rating for EMN shares, as published in the report on April 15th, 2019. Cowen seems to be going bullish on the price of EMN shares, based on the price prediction for EMN, indicating that the shares will jump from $94 to $88, giving the shares “Market Perform” rating based on their report from February 6th, 2019. Another “Overweight” rating came from Morgan Stanley.
The present dividend yield for EMN owners is set at 0.03, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Eastman Chemical Company, the company needs to provide a healthy cash flow, currently at the value of 13.92. In addition, the growth of sales from quarter to quarter is recording -9.80%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Eastman Chemical Company (EMN) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 15.60% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 0.80 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while EMN is currently recording an average of 1.08M in volumes. The volatility of the stock on monthly basis is set at 2.70%, while the weekly volatility levels are marked at 3.58%with 10.64% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $86.67, indicating growth from the present price of $74.67, which can represent yet another valuable research and analysis points that can help you decide whether to invest in EMN or pass.What to Look for When Analyzing Eastman Chemical Company Shares?
Eastman Chemical Company (EMN) is based in the USA and it represents one of the well-known company operating with Basic Materials sector. If you wish to compare EMN shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 11.65 for Eastman Chemical Company, while the value 8.71 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 6.41 is supported by the yearly ESP growth of 3.70%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.10%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 86.00% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.Are Institutional Investors Increasing Stakes in EMN Shares?
It appears that more than several institutional investors and hedge funds decided to increase stakes in EMN in the recent period. That is how The Vanguard Group, Inc. now has an increase position in EMN by 0.35% in the first quarter, owning 14.63 million shares of EMN stocks, with the value of $956.6 million after the purchase of an additional 51,761 shares during the last quarter. In the meanwhile, JPMorgan Investment Management, I also increased their stake in EMN shares changed 5.96% in the first quarter, which means that the company now owns 5.95 million shares of company, all valued at $389.11 million after the acquisition of additional 334,966 shares during the last quarter.
LSV Asset Management acquired a new position in Eastman Chemical Company during the first quarter, with the value of $366.75 million, and Victory Capital Management, Inc. increased their stake in the company’s shares by 25.73% in the first quarter, now owning 916,232 shares valued at $292.69 million after the acquisition of the additional 4.48 million shares during the last quarter. In the end, Invesco Advisers, Inc. increased their position by 0.69% during the first quarter, now owning 2.6 million EMN shares, now holding the value of $170.16 million in EMN with the purchase of the additional 2,025,943 shares during the period of the last quarter. At the present, 86.00% of EMN shares are in the ownership of institutional investors.