AI Trading NYSE Mon, 23 Oct

Dear Reader,

Eastman Chemical Company (EMN) has been an attractive asset to trade with our AI strategy between 2021-01-12 and 2022-11-11. With an average return of 27.9%, and a maximum return of 83.71%, trading this asset has the potential for high returns. There were a total of 3.0 positions taken over the period, with each trade lasting for 60.0 days. Our AI model predicts that EMN is a STRONGBUY since 2023-10-20 at a buy price target of 73.48, with an overall accuracy of 0.71 when predicting an upward trend in the following 2 weeks. The analyst consensus price target is 95.43.

Eastman Chemical Company (NYSE: EMN) is an American company involved in the chemical industry. It is a global specialty materials company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. The company is headquartered in Kingsport, Tennessee and is a publicly traded company, with a current stock price of $73.48 (as of October 20, 2023).

Eastman Chemical Company has a market capitalization of $10.32 billion and an EBITDA of $1.76 billion. It has a P/E ratio of 13.69 and a PEG ratio of 2.91. It has a book value of $44.89 per share and a dividend per share of $3.07. Its EPS is $6.35 and its revenue per share (TTM) is $85.67. Its profit margin is 0.075 and its operating margin (TTM) is 0.122. Its return on assets (TTM) is 0.0693 and its return on equity (TTM) is 0.141.

Eastman Chemical Company’s historical performance has been impressive. Over the past several years, the stock has consistently outperformed the market, with a 52-week high of $120.78 and a 52-week low of $69.28. The current price of $73.48 is up 4.6% from the 50-day moving average of $86.69 and up 17.7% from the 200-day moving average of $89.55. The current analyst target price is $95.43, indicating a potential upside of 29.7%.

Eastman Chemical Company has a diversified customer base across multiple industries, including automotive, construction, consumer goods, electronics and more. It is well-positioned to continue to capitalize on the growing global demand for specialty materials and chemicals, and its current stock price of $73.48 reflects this.

Symbol: EMN
AssetType: Common Stock
Name: Eastman Chemical Company
Description: Eastman Chemical Company is an American company primarily involved in the chemical industry. Once a subsidiary of Kodak, today it is an independent global specialty materials company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. The company is headquartered in Kingsport, Tennessee.
CIK: 915389
Exchange: NYSE
Currency: USD
Country: USA
Sector: LIFE SCIENCES
Industry: PLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS
Address: PO BOX 511, 200 SOUTH WILCOX DRIVE, KINGSPORT, TN, US
FiscalYearEnd: December
LatestQuarter: 2022-12-31
MarketCapitalization: 10324908000
EBITDA: 1764000000
PERatio: 13.69
PEGRatio: 2.918
BookValue: 44.89
DividendPerShare: 3.07
DividendYield: 0.0363
EPS: 6.35
RevenuePerShareTTM: 85.67
ProfitMargin: 0.075
OperatingMarginTTM: 0.122
ReturnOnAssetsTTM: 0.0693
ReturnOnEquityTTM: 0.141
RevenueTTM: 10580000000
GrossProfitTTM: 2176000000
DilutedEPSTTM: 6.35
QuarterlyEarningsGrowthYOY: -0.997
QuarterlyRevenueGrowthYOY: -0.119
AnalystTargetPrice: 95.43
TrailingPE: 13.69
ForwardPE: 10.92
PriceToSalesRatioTTM: 0.906
PriceToBookRatio: 1.924
EVToRevenue: 1.373
EVToEBITDA: 6.97
Beta: 1.484
52WeekHigh: 120.78
52WeekLow: 69.28
50DayMovingAverage: 86.69
200DayMovingAverage: 89.55
SharesOutstanding: 118800000
DividendDate: 2023-01-06
ExDividendDate: 2022-12-14

Date	Symbol	Prediction	Model Accuracy	Price Target	Analyst Target
2023-10-20	EMN	STRONGBUY	0.71	73.48	95.43
2023-10-02	EMN	WEAKBUY	0.71	75.79	95.43

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The Third Perspective Team