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

Key Points

• Eastman Chemical has a “Moderate Buy” consensus among 14 analysts, evenly split between seven buy and seven hold ratings, with an average 12-month price target of $79.17.
• Recent results exceeded expectations: quarterly EPS came in at $1.97 versus $1.82 expected, while revenue rose 9.9% year over year to $2.51 billion. Zacks also raised several near-term and FY2027 earnings estimates.
• The company declared a quarterly dividend of $0.84 per share, equivalent to a $3.36 annualized payout and a 4.5% yield; institutional investors own 83.65% of the stock.

Eastman Chemical Company (NYSE:EMN - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen brokerages that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $79.1667.

EMN has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price target on Eastman Chemical from $69.00 to $74.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on Eastman Chemical from $80.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $74.00 price target on shares of Eastman Chemical in a research report on Monday, August 3rd. Wall Street Zen raised Eastman Chemical from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Finally, Mizuho set a $85.00 price objective on shares of Eastman Chemical in a research report on Friday, May 1st.

Key Stories Impacting Eastman Chemical

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

• Positive Sentiment: Zacks raised its Q3 2026 EPS forecast to $1.95 from $1.69, Q4 2026 to $1.38 from $1.33, Q1 2027 to $1.61 from $1.52, Q2 2027 to $1.73 from $1.69, and Q3 2027 to $1.77 from $1.70. Zacks also lifted its FY2027 estimate to $6.76 from $6.59, indicating stronger expected earnings momentum over the next several quarters. Eastman Chemical earnings estimate revisions
• Neutral Sentiment: The revisions leave Zacks’ FY2028 EPS forecast at $6.93, above the current-year consensus estimate of $6.43 but below its previous $7.09 forecast. Zacks also trimmed Q2 2028 EPS to $1.78 from $1.84 and Q4 2027 to $1.65 from $1.67, suggesting some longer-term caution despite the improved near-term outlook. Eastman Chemical earnings estimate revisions
• Positive Sentiment: A separate Zacks analysis described EMN as a strong value stock, which may support investor interest given the company’s earnings outlook and valuation profile. However, the article is a general style-rating assessment rather than a new operating or financial announcement. Here's Why Eastman Chemical is a Strong Value Stock

Eastman Chemical Stock Down 0.0%

EMN opened at $74.05 on Monday. The stock has a fifty day moving average of $70.45 and a 200-day moving average of $72.52. The company has a market capitalization of $8.47 billion, a P/E ratio of 19.28, a P/E/G ratio of 0.91 and a beta of 1.06. 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.

Eastman Chemical (NYSE:EMN - Get Free Report) last released its quarterly earnings results 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. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the company posted $1.60 earnings per share. Eastman Chemical's revenue was up 9.9% compared to the same quarter last year. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, equities analysts expect that Eastman Chemical will post 6.5 EPS for the current year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be given a $0.84 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.5%. Eastman Chemical's payout ratio is presently 87.50%.

Institutional Trading of Eastman Chemical

Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Eastman Chemical in the 2nd quarter valued at $1,134,421,000. HighTower Advisors LLC lifted its position in shares of Eastman Chemical by 3,448.7% during the 4th quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company's stock worth $108,246,000 after buying an additional 1,648,054 shares during the last quarter. Norges Bank bought a new stake in shares of Eastman Chemical during the 4th quarter worth $95,621,000. Legal & General Group Plc acquired a new stake in Eastman Chemical in the second quarter valued at about $87,583,000. Finally, Bank of New York Mellon Corp bought a new position in Eastman Chemical in the second quarter valued at about $81,645,000. Institutional investors and hedge funds own 83.65% of the company's stock.

About Eastman Chemical

Eastman Chemical Company NYSE: EMN is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company's main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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