Berenberg Bank analyst Paretosh Misra maintained a Buy rating on Eastman Chemical (NYSE:EMN) on Wednesday, setting a price target of $150, which is approximately 29.65% above the present share price of $115.7.
Misra expects Eastman Chemical to post earnings per share (EPS) of -$1.07 for the third quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Eastman Chemical, with an average price target of $141.
The analysts price targets range from a high of $154 to a low of $120.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $2.65 billion and a net profit of $416 million. The company's market cap is $15.71 billion.
According to TipRanks.com, Berenberg Bank analyst Paretosh Misra is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.3% and a 38.78% success rate.
Eastman Chemical Co. engages in the provision of specialty chemicals. It operates through the following segments: Additives and Functional Products, Advanced Materials, Chemical Intermediates and Fibers. The Additives and Functional Products segment includes chemicals for products in the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. The Advanced Materials segment produces and markets its polymers, films, and plastics with differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness markets. The Chemical Intermediates segment consists of large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support operating segments with advantaged cost positions. The Fiber segment offers cellulose acetate tow for use in filtration media, primarily cigarette filters. The company was founded by George Eastman in 1920 and is headquartered in Kingsport, TN.