Analysts Set Eastman Chemical Company (NYSE:EMN) Target Price at $87.00

Key Points

• Eastman Chemical Company has received a consensus recommendation of "Moderate Buy" from analysts, with an average target price of $87.00.
• The company recently reported quarterly earnings of $1.60 EPS, missing expectations, with a revenue of $2.29 billion, down 3.2% from the previous year.
• Eastman Chemical announced a quarterly dividend of $0.83 per share, representing an annualized yield of 4.7%.

Eastman Chemical Company (NYSE:EMN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen brokerages that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $87.00.

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price objective on Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 5th. Wells Fargo & Company lowered their price objective on Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Mizuho lowered their price objective on Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. The Goldman Sachs Group lowered their price objective on Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Finally, KeyCorp set a $79.00 price objective on Eastman Chemical and gave the company an "overweight" rating in a research note on Monday, August 4th.

Eastman Chemical Stock Performance

Eastman Chemical stock traded up $0.68 during mid-day trading on Monday, reaching $68.25. The company had a trading volume of 318,448 shares, compared to its average volume of 1,539,152. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81. Eastman Chemical has a 52 week low of $56.78 and a 52 week high of $114.50. The company has a 50 day moving average of $72.01 and a 200-day moving average of $79.71. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 6.72 and a beta of 1.25.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.60 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 firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business posted $2.15 EPS. Eastman Chemical's revenue was down 3.2% compared to the same quarter last year. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. On average, sell-side analysts expect that Eastman Chemical will post 8.55 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th will be paid a $0.83 dividend. The ex-dividend date is Monday, September 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. Eastman Chemical's payout ratio is 46.63%.

Institutional Investors Weigh In On Eastman Chemical

A number of institutional investors and hedge funds have recently modified their holdings of the business. Holderness Investments Co. raised its stake in shares of Eastman Chemical by 1.2% during the first quarter. Holderness Investments Co. now owns 10,466 shares of the basic materials company's stock worth $922,000 after buying an additional 125 shares during the last quarter. CX Institutional raised its stake in shares of Eastman Chemical by 10.6% during the second quarter. CX Institutional now owns 1,339 shares of the basic materials company's stock worth $100,000 after buying an additional 128 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in Eastman Chemical by 3.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,109 shares of the basic materials company's stock worth $307,000 after acquiring an additional 130 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in Eastman Chemical by 15.0% during the first quarter. Y.D. More Investments Ltd now owns 1,044 shares of the basic materials company's stock valued at $92,000 after purchasing an additional 136 shares during the period. Finally, Beverly Hills Private Wealth LLC grew its holdings in Eastman Chemical by 4.5% during the first quarter. Beverly Hills Private Wealth LLC now owns 3,304 shares of the basic materials company's stock valued at $291,000 after purchasing an additional 143 shares during the period. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Company Profile

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.