Eastman Chemical (EMN) Stock Rating Upgraded by Zacks Investment Research

Jeannie Matthews
January 14, 2018

Nine Chapters Capital Management Llc bought 5,700 shares as the company's stock declined 2.09% while stock markets rallied. The institutional investor held 16,701 shares of the major chemicals company at the end of 2017Q3, valued at $1.51 million, up from 12,501 at the end of the previous reported quarter. Nine Chapters Capital Management Llc who had been investing in Eastman Chem Co for a number of months, seems to be bullish on the $14.00 billion market cap company. The stock decreased 0.07% or $0.07 during the last trading session, reaching $97.43. About 66.37 million shares traded. During the same quarter last year, the company posted $1.86 EPS. equities analysts predict that Eastman Chemical will post 7.12 EPS for the current year. It has underperformed by 9.10% the S&P500.

National Mutual Insurance Federation Of Agricultural Cooperatives, which manages about $4.94B US Long portfolio, decreased its stake in Ishares Tr (LQD) by 1.84 million shares to 5.26M shares, valued at $637.21M in 2017Q3, according to the filing. National Mutual Insurance Federation Of Agricultural Cooperatives bought 20,500 shares as the company's stock declined 6.00% while stock markets rallied. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.16. BlackRock Inc. now owns 12,186,134 shares of the basic materials company's stock valued at $1,023,514,000 after purchasing an additional 717,506 shares during the last quarter. KeyCorp (NYSE:KEY) has risen 43.10% since January 13, 2017 and is uptrending. It has outperformed by 41.94% the S&P500. JP Morgan maintained it with "Overweight" rating and $105 target in Monday, October 30 report. Therefore 38% are positive. Viper Energy Partners had 34 analyst reports since August 7, 2015 according to SRatingsIntel. Glg has 0.04% invested in Eastman Chemical Company (NYSE:EMN). The firm earned "Neutral" rating on Wednesday, July 12 by Citigroup. Jefferies has "Hold" rating and $88 target. The rating was initiated by Macquarie Research on Tuesday, April 5 with "Neutral". The firm earned "Buy" rating on Monday, July 11 by Nomura. The stock of Macerich Company (NYSE:MAC) has "Hold" rating given on Friday, August 4 by Boenning & Scattergood. The firm has "Mkt Perform" rating given on Wednesday, January 25 by Raymond James. The firm has "Hold" rating by Societe Generale given on Tuesday, January 9.

Investors sentiment increased to 0.95 in Q3 2017. The company has a quick ratio of 0.94, a current ratio of 1.83 and a debt-to-equity ratio of 1.24. Tnb Fincl invested in 3,443 shares. 39 funds opened positions while 87 raised stakes. 443,046 were accumulated by Bokf Na. Pub Sector Pension Investment Board invested 0% of its portfolio in Macerich Company (NYSE:MAC). Employees Retirement Of Texas reported 2.42 million shares. Ironwood Finance Lc holds 0.01% of its portfolio in Bank of America Corporation (NYSE:BAC) for 800 shares. Fifth Third Financial Bank holds 0% or 969 shares. 443,897 were reported by Mai Management. Advsrs Asset Mgmt reported 2,854 shares or 0% of all its holdings. Accern also gave media headlines about the basic materials company an impact score of 46.078326066079 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days. Robeco Institutional Asset Bv reported 2.05 million shares. Gemmer Asset Management Limited Liability, a California-based fund reported 364 shares. Ibm Retirement Fund has 1.25% invested in Bank of America Corporation (NYSE:BAC). Highstreet Asset Mgmt invested 0.74% in Verizon Communications Inc. Barbara Oil reported 40,000 shares.

Since August 28, 2017, it had 0 buys, and 3 sales for $89,365 activity.

Since August 10, 2017, it had 0 insider buys, and 1 sale for $2.10 million activity.

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Eastman Chemical Company (Eastman) is a specialty chemicals company that produces a range of advanced materials, chemicals and fibers. Shares for $479,024 were sold by Stuckey Perry.

Investors sentiment increased to 1.18 in 2017 Q3. Its up 0.04, from 1.14 in 2017Q2. It improved, as 53 investors sold PFE shares while 700 reduced holdings. 117 funds opened positions while 547 raised stakes.

Zacks Investment Research upgraded shares of Eastman Chemical (NYSE:EMN) from a hold rating to a buy rating in a research report report published on Tuesday. Community Commercial Bank Na holds 0.01% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 792 shares. Miller Invest Mngmt Limited Partnership accumulated 29,000 shares or 0.34% of the stock. Sky Inv Grp Ltd Liability Company invested 0.15% in Bank of America Corporation (NYSE:BAC). Ameritas Invest Prtnrs holds 0.01% or 3,325 shares. Prudential Financial Inc. now owns 561,295 shares of the basic materials company's stock valued at $47,143,000 after purchasing an additional 16,260 shares in the last quarter. Camarda Fincl Advsr Limited Liability has invested 0% of its portfolio in Eastman Chemical Company (NYSE:EMN). (NYSE:PFE). Pettyjohn Wood & White invested in 75,479 shares or 1% of the stock.

Los Angeles Capital Management & Equity Research Inc increased its stake in Eastman Chem Co (EMN) by 2.9% based on its latest 2017Q3 regulatory filing with the SEC. Oppenheimer Asset Mngmt holds 0.04% or 85,257 shares. Eastman Chemical presently has an average rating of "Hold" and an average target price of $98.60. It also increased its holding in Templeton Global Income Fd (GIM) by 68,810 shares in the quarter, for a total of 1.08M shares, and has risen its stake in Ishares Gold Trust (IAU). Parkwood Limited Liability Corp holds 0.03% or 2,213 shares. First Republic Investment owns 21,482 shares. Also, the number of investment professionals holding Eastman Chemical Co in their top 10 stock positions was flat from 2 to 2 for the same number. Therefore 66% are positive. Instinet cut shares of Eastman Chemical from a "buy" rating to a "neutral" rating and set a $91.00 price target on the stock.in a research note on Tuesday, October 10th. The stock has "Hold" rating by Zacks on Friday, August 14. The company was maintained on Thursday, July 13 by Barclays Capital. The rating was maintained by RBC Capital Markets with "Buy" on Wednesday, April 5. On Thursday, September 28 the stock rating was upgraded by Goldman Sachs to "Buy". The rating was maintained by Deutsche Bank on Thursday, August 20 with "Buy".

COPYRIGHT VIOLATION NOTICE: "Eastman Chemical (EMN) Stock Rating Upgraded by Zacks Investment Research" was first posted by BBNS and is the sole property of of BBNS. The firm has "Buy" rating given on Monday, October 30 by KeyBanc Capital Markets.

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