Eastman Chemical Company (NYSE:EMN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Eastman Chemical Company (NYSE:EMN) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $82.6154.

Several research analysts recently weighed in on the stock. Mizuho reduced their price target on shares of Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Royal Bank Of Canada set a $71.00 price target on shares of Eastman Chemical in a research report on Tuesday, October 14th. UBS Group reduced their price target on shares of Eastman Chemical from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Citigroup upped their price target on shares of Eastman Chemical from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the stock an “overweight” rating in a research report on Monday, August 4th.

Institutional Trading of Eastman Chemical

Several large investors have recently bought and sold shares of EMN. Brighton Jones LLC purchased a new stake in Eastman Chemical during the 4th quarter valued at about $202,000. GAMMA Investing LLC grew its stake in Eastman Chemical by 28.9% during the 1st quarter. GAMMA Investing LLC now owns 5,413 shares of the basic materials company’s stock valued at $477,000 after acquiring an additional 1,215 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Eastman Chemical by 11.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,930 shares of the basic materials company’s stock valued at $1,580,000 after acquiring an additional 1,893 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Eastman Chemical by 58.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,868 shares of the basic materials company’s stock valued at $2,808,000 after acquiring an additional 11,787 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Eastman Chemical by 1.0% during the 1st quarter. State of Alaska Department of Revenue now owns 28,486 shares of the basic materials company’s stock valued at $2,509,000 after acquiring an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Trading Down 0.6%

EMN stock opened at $62.68 on Tuesday. The company’s 50-day simple moving average is $64.85 and its 200-day simple moving average is $72.48. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81. Eastman Chemical has a 52-week low of $56.78 and a 52-week high of $107.50. The firm has a market cap of $7.20 billion, a P/E ratio of 8.80, a PEG ratio of 6.32 and a beta of 1.29.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.12). Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the company earned $2.15 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. As a group, equities analysts forecast that Eastman Chemical will post 8.55 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Monday, September 15th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Monday, September 15th. Eastman Chemical’s dividend payout ratio is currently 46.63%.

Eastman Chemical Company Profile

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.