Eastman Chemical Company (NYSE:EMN) Stock Has Average Target Price of $74.64 According to Analysts

Key Points

• Analysts maintain a “Hold” consensus on Eastman Chemical, with nine hold, six buy, and one sell rating; the average 12-month price target is $74.64 versus the stock’s recent $66.44 price.
• Eastman’s latest quarter showed 8.3% year-over-year revenue growth to $2.38 billion, but adjusted EPS of $1.84 and revenue both missed analyst estimates. JPMorgan subsequently downgraded the stock from Overweight to Neutral and cut its target to $66.
• Institutional investors own 83.65% of the company, while Eastman pays a quarterly dividend of $0.84 per share, equivalent to a 5.1% annualized yield.

Shares of Eastman Chemical Company (NYSE:EMN - Get Free Report) have been given a consensus recommendation of "Hold" by the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $74.64.

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. downgraded Eastman Chemical from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $82.00 to $66.00 in a research report on Friday, October 16th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $75.00 price target on shares of Eastman Chemical in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $74.00 price objective on shares of Eastman Chemical in a research report on Monday, August 3rd. Mizuho reduced their price objective on Eastman Chemical from $85.00 to $80.00 and set an "outperform" rating for the company in a research report on Thursday, October 1st. Finally, Citigroup decreased their price objective on Eastman Chemical from $81.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, September 30th.

Hedge Funds Weigh In On Eastman Chemical

A number of hedge funds have recently made changes to their positions in EMN. BlackRock Inc. acquired a new position in shares of Eastman Chemical in the 2nd quarter worth approximately $1,134,421,000. Dimensional Fund Advisors LP increased its holdings in Eastman Chemical by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,936,789 shares of the basic materials company's stock valued at $376,747,000 after purchasing an additional 338,914 shares in the last quarter. State Street Corp increased its holdings in Eastman Chemical by 0.7% during the 2nd quarter. State Street Corp now owns 4,169,105 shares of the basic materials company's stock valued at $282,741,000 after purchasing an additional 29,010 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Eastman Chemical by 39.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,592,691 shares of the basic materials company's stock valued at $196,552,000 after purchasing an additional 732,693 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Eastman Chemical by 10.1% in the 2nd quarter. Bank of America Corp DE now owns 2,469,976 shares of the basic materials company's stock valued at $165,439,000 after purchasing an additional 225,905 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Eastman Chemical Stock Down 2.2%

Shares of EMN stock opened at $66.44 on Friday. Eastman Chemical has a 12 month low of $56.11 and a 12 month high of $83.47. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. The firm has a market cap of $7.60 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 0.88 and a beta of 1.06. The stock has a 50 day moving average of $66.85 and a 200-day moving average of $70.92.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced its earnings results on Thursday, October 29th. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.92 by ($0.08). The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.41 billion. Eastman Chemical had a return on equity of 10.69% and a net margin of 7.15%. The company's revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. On average, equities analysts predict that Eastman Chemical will post 6.36 EPS for the current year.

Eastman Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.84 per share. The ex-dividend date was Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a yield of 5.1%. Eastman Chemical's payout ratio is currently 87.50%.

Key Eastman Chemical News

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: The U.S. Department of Energy reinstated a $375 million award to Eastman, improving the outlook for the company’s planned projects and strengthening its potential funding position. Eastman Chemical says DoE reinstates $375M award
• Positive Sentiment: Third-quarter revenue increased approximately 8% year over year to $2.38 billion, supported by higher selling prices and a 1% improvement in sales volume and mix. Advanced Materials, Additives & Functional Products, and Chemical Intermediates all recorded revenue growth. Eastman Q3 revenue rises 8%
• Positive Sentiment: Management maintained its full-year adjusted EPS outlook of $6.00 to $6.20 and expects $125 million to $150 million of 2026 cost savings, net of inflation. Eastman also generated substantial operating cash flow and returned $96 million to shareholders through dividends. Eastman announces third-quarter 2026 financial results
• Neutral Sentiment: Eastman reported GAAP diluted EPS of $2.19, up from $0.60 a year earlier, while adjusted EPS was reported at $1.84. Investors may weigh the large year-over-year improvement against the difference between GAAP and adjusted results.
• Negative Sentiment: Adjusted third-quarter EPS of $1.84 missed the $1.92 consensus estimate, while revenue of roughly $2.38 billion came in below the $2.41 billion estimate. The earnings shortfall likely outweighed the year-over-year improvement in results. Eastman misses Q3 earnings and revenue estimates
• Negative Sentiment: Fibers revenue was flat as higher volume and mix were offset by lower selling prices, highlighting continued pricing pressure in part of the portfolio. Eastman Q3 earnings miss despite higher pricing
• Negative Sentiment: JPMorgan recently downgraded EMN from Overweight to Neutral, adding to concerns about near-term upside after the earnings miss. JPMorgan downgrades Eastman Chemical

About Eastman Chemical

Eastman Chemical Company NYSE: EMN is a global specialty materials and chemicals company that develops and manufactures products used in transportation, building and construction, consumer goods, medical products, packaging, and other industrial applications. Its portfolio includes specialty plastics, coatings, adhesives, fibers, additives, intermediates, and other performance materials.

The company's products are designed to provide properties such as durability, chemical resistance, lightweight performance, clarity, and enhanced functionality.

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