A Sweet Surprise From Dick’s Sporting Goods, Inc. (DKS), Eastman Chemical Company (EMN)

Over the past 52 weeks Dick’s Sporting Goods, Inc. (NYSE:DKS) has embarked on a rally that has seen it rise 15.95% and is now up by 16.99% since start of this year. The equity price sank -0.98% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a 9.41% gain over the past 30 days. Its equity price dipped by -4.2% over the past three months which led to its overall six-month increase to stand at 5.64%.

The shares of Dick’s Sporting Goods, Inc. (DKS) dropped by -8.18% or -$3.25 from its last recorded high of $39.75 which it attained on November 14 to close at $36.5 per share. Over the past 52 weeks, the shares of Dick’s Sporting Goods, Inc. has been trading as low as $29.53 before witnessing a massive surge by 23.6% or $6.97. This price movement has led to the DKS stock receiving more attention and has become one to watch out for. It jumped by 2.3% on Tuesday and this got the market excited. The stock’s beta now stands at 0.55 and when compared to its 200-day moving average and its 50-day moving average, DKS price stands 4.61% above and 6.9% above respectively. Its average daily volatility for this week is 3.17% which is more than the 2.94% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Dick’s Sporting Goods, Inc. with most of them predicting a $38.15 price target on a short-term (12 months) basis. The average price target by the analysts will see a 4.52% rise in the stock and would lead to DKS’s market cap to surge to $3.8B. The stock has been rated an average 2.7, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 27 analysts that track Dick’s Sporting Goods, Inc. (NYSE:DKS) and find out that 20 of them rated it as a Hold. 6 of the 7 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at DKS technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 60.3 point. Its trading volume has added 1085185 shares compared to readings over the past three months as it recently exchanged 3535185 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 2450000 shares, and this is 1.44 times the normal volume.

Analysts have predicted a price target for Eastman Chemical Company (EMN) for 1 year and it stands at an average $91.89/share. This means that it would likely increase by 12.97% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $81. On the other hand, one analyst is super bullish about the price, setting a target as high as $106.

Analysts view Eastman Chemical Company (NYSE:EMN) as a Hold, with 2.2 consensus rating. Reuters surveyed 17 analysts that follow EMN and found that 6 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 11 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Eastman Chemical Company (EMN) shares or sell it if they already own it.