Eastman Chemical Company (NYSE:EMN) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Eastman Chemical Company (NYSE:EMN) has received a consensus rating of "Moderate Buy" from analysts, with one sell rating, five holds, and eight buy ratings.
• The average target price for Eastman Chemical's stock is $82.62, but recent reports have led to varying price objectives from several research firms, ranging from $65.00 to $87.00.
• Eastman Chemical recently declared a quarterly dividend of $0.83, which translates to an annualized yield of 5.4%.

Shares of Eastman Chemical Company (NYSE:EMN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $82.6154.

Several research firms have issued reports on EMN. KeyCorp set a $79.00 price objective on Eastman Chemical and gave the stock an "overweight" rating in a report on Monday, August 4th. Weiss Ratings restated a "sell (d+)" rating on shares of Eastman Chemical in a report on Wednesday, October 8th. The Goldman Sachs Group reduced their price target on shares of Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Citigroup lifted their price objective 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, UBS Group cut their target price on shares of Eastman Chemical from $86.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, October 6th.

Hedge Funds Weigh In On Eastman Chemical

A number of large investors have recently made changes to their positions in EMN. Brighton Jones LLC purchased a new position in Eastman Chemical during the fourth quarter valued at approximately $202,000. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 1,215 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 increased its stake in shares of Eastman Chemical by 58.7% in the first quarter. Janney Montgomery Scott LLC now owns 31,868 shares of the basic materials company's stock worth $2,808,000 after acquiring an additional 11,787 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Eastman Chemical by 1.0% during the first 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 purchasing an additional 270 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Eastman Chemical Stock Performance

EMN opened at $61.52 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81. The firm has a market cap of $7.06 billion, a PE ratio of 8.64, a P/E/G ratio of 6.18 and a beta of 1.29. The business has a fifty day simple moving average of $65.11 and a 200-day simple moving average of $72.77. Eastman Chemical has a fifty-two week low of $56.78 and a fifty-two week high of $108.96.

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

Eastman Chemical Dividend Announcement

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 $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Monday, September 15th. Eastman Chemical's dividend payout ratio is currently 46.63%.

About Eastman Chemical

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.

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