Eastman Chemical Company (NYSE:EMN) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts have a consensus “Hold” rating on Eastman Chemical, with eight holds and seven buys among 15 brokerages. The average 12-month price target is $77.69, above the stock’s reported $65.05 opening price.
• Eastman Chemical exceeded quarterly expectations, reporting $1.97 in EPS versus the $1.82 consensus estimate and $2.51 billion in revenue, up 9.9% year over year.
• The company declared a quarterly dividend of $0.84, equal to $3.36 annually and a 5.2% yield; institutional investors and hedge funds own 83.65% of the stock.

Eastman Chemical Company (NYSE:EMN - Get Free Report) has been given a consensus rating of "Hold" by the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $77.69.

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of Eastman Chemical from $81.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, September 30th. Royal Bank Of Canada raised their target price on Eastman Chemical from $69.00 to $74.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Eastman Chemical in a research report on Thursday, August 13th. UBS Group lowered their price target on Eastman Chemical from $92.00 to $77.00 and set a "buy" rating on the stock in a report on Monday. Finally, Morgan Stanley reduced their price objective on shares of Eastman Chemical from $83.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, July 2nd.

Eastman Chemical Stock Performance

Shares of NYSE EMN opened at $65.05 on Tuesday. 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's 50-day moving average price is $69.99 and its two-hundred day moving average price is $71.14. Eastman Chemical has a 52-week low of $56.11 and a 52-week high of $83.47. The stock has a market capitalization of $7.44 billion, a P/E ratio of 16.94, a P/E/G ratio of 0.80 and a beta of 1.06.

Eastman Chemical (NYSE:EMN - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.15. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the business earned $1.60 EPS. The firm's revenue was up 9.9% on a year-over-year basis. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, sell-side analysts forecast that Eastman Chemical will post 6.47 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be issued a $0.84 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 annualized dividend and a dividend yield of 5.2%. Eastman Chemical's dividend payout ratio (DPR) is 87.50%.

Institutional Investors Weigh In On Eastman Chemical

A number of institutional investors have recently added to or reduced their stakes in EMN. Altshuler Shaham Ltd raised its stake in shares of Eastman Chemical by 36.9% in the 1st quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company's stock worth $41,000 after buying an additional 145 shares in the last quarter. Continuum Advisory LLC bought a new stake in Eastman Chemical in the second quarter worth about $40,000. Quantbot Technologies LP acquired a new stake in Eastman Chemical in the 2nd quarter valued at about $44,000. First Bancorp Inc ME bought a new position in shares of Eastman Chemical during the 2nd quarter valued at about $46,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Eastman Chemical in the 2nd quarter worth approximately $46,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Company Profile

Eastman Chemical Company NYSE: EMN is a global specialty materials company headquartered in Kingsport, Tennessee. Founded in 1920 as a division of Eastman Kodak Company, Eastman became an independent public company in 1994. The company develops and manufactures materials used in products across the transportation, building and construction, consumer goods, medical, and personal care industries.

Eastman's portfolio includes specialty plastics, coatings and adhesives, performance additives, advanced interlayers, films, plasticizers, fibers, and chemical intermediates.

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