Shares of EMN traded higher by 0.50% or $0.17/share to $34.40. Eastman Chemical Co. is trading at a price to book ratio of 1.26. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 1.01 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.36. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1079330 shares of EMN exchange hands on a given day and today's volume is recorded at 451457. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Eastman Chemical Company (Eastman) is a chemical company, which manufactures and sells a portfolio of chemicals, plastics and fibers.
