Eastman Chemical Company (NYSE:EMN) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts maintain a cautious outlook: Eastman Chemical has a consensus “Hold” rating, with eight holds and six buys among 14 analysts. The average 12-month price target is $79.17, compared with the stock’s $68.33 opening price.
• Quarterly results exceeded expectations: The company reported $1.97 in adjusted EPS versus the $1.82 consensus estimate, while revenue reached $2.51 billion and rose 9.9% year over year.
• Eastman announced a sizable dividend: The quarterly payout is $0.84 per share, or $3.36 annually, representing a 4.9% yield and an 87.5% payout ratio.

Shares of Eastman Chemical Company (NYSE:EMN - Get Free Report) have been given an average recommendation of "Hold" by the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $79.1667.

A number of research firms have issued reports on EMN. UBS Group raised their price target on shares of Eastman Chemical from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. The Goldman Sachs Group reissued a "neutral" rating and set a $75.00 price objective on shares of Eastman Chemical in a report on Thursday, July 16th. Citigroup cut their target price on Eastman Chemical from $85.00 to $81.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Eastman Chemical in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $74.00 price target on shares of Eastman Chemical in a research report on Monday, August 3rd.

Eastman Chemical Price Performance

Shares of EMN stock opened at $68.33 on Friday. Eastman Chemical has a fifty-two week low of $56.11 and a fifty-two week high of $83.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.50. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 0.84 and a beta of 1.07. The stock's 50-day simple moving average is $70.76 and its 200-day simple moving average is $71.93.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.40 billion. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. Eastman Chemical's revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, equities analysts forecast that Eastman Chemical will post 6.5 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.9%. Eastman Chemical's payout ratio is 87.50%.

Institutional Investors Weigh In On Eastman Chemical

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Eastman Chemical in the 2nd quarter valued at about $1,134,421,000. California State Teachers Retirement System grew its holdings in Eastman Chemical by 6,459.7% during the second quarter. California State Teachers Retirement System now owns 8,871,367 shares of the basic materials company's stock worth $594,204,000 after acquiring an additional 8,736,126 shares during the period. State Street Corp raised its position in Eastman Chemical by 24.3% during the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company's stock valued at $363,314,000 after acquiring an additional 1,112,391 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Eastman Chemical by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,936,789 shares of the basic materials company's stock valued at $376,747,000 after acquiring an additional 338,914 shares during the period. Finally, Franklin Resources Inc. boosted its position in Eastman Chemical by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 3,722,964 shares of the basic materials company's stock worth $237,637,000 after purchasing an additional 20,634 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

About Eastman Chemical

Eastman Chemical Company NYSE: EMN is a global specialty materials company that develops and manufactures products used in transportation, building and construction, consumer goods, packaging, personal care, and other markets. The company serves customers through a portfolio of specialty polymers, additives, advanced materials, chemical intermediates, and fibers.

Its products include Tritan copolyester used in durable consumer and medical applications, Saflex interlayers for laminated glass, cellulose esters for coatings and plastics, and specialty additives used in coatings, adhesives, lubricants, and personal care products.

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