Eastman Chemical (NYSE:EMN) Raised to Hold (C-) at Weiss Ratings

Key Points

• Eastman Chemical has been upgraded by Weiss Ratings from a "sell (d+)" to a "hold (c-)" rating, reflecting a positive shift in analyst sentiment.
• Goldman Sachs has lowered its price target for Eastman Chemical from $87 to $65, while other analysts have varying price targets ranging from $71 to $79.
• In its latest earnings report, Eastman Chemical missed EPS estimates, reporting $1.60 per share compared to the expected $1.72, with quarterly revenue down 3.2% year-over-year.

Eastman Chemical (NYSE:EMN - Get Free Report) was upgraded by equities researchers at Weiss Ratings from a "sell (d+)" rating to a "hold (c-)" rating in a report released on Friday,Weiss Ratings reports.

Several other research analysts also recently issued reports on the company. The Goldman Sachs Group reduced their price objective on Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. KeyCorp set a $79.00 price objective on Eastman Chemical and gave the stock an "overweight" rating in a report on Monday, August 4th. Mizuho cut their price target on Eastman Chemical from $80.00 to $75.00 and set an "outperform" rating on the stock in a research note on Friday, October 3rd. Bank of America cut their price target on Eastman Chemical from $78.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada set a $71.00 price target on Eastman Chemical in a research note on Tuesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Eastman Chemical currently has an average rating of "Moderate Buy" and an average price target of $82.62.

Eastman Chemical Stock Down 0.6%

NYSE:EMN opened at $62.68 on Friday. The stock's fifty day moving average price is $64.85 and its two-hundred day moving average price is $72.48. Eastman Chemical has a 52-week low of $56.78 and a 52-week high of $107.50. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 6.36 and a beta of 1.29.

Eastman Chemical (NYSE:EMN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the company posted $2.15 EPS. The firm's quarterly 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, analysts anticipate that Eastman Chemical will post 8.55 EPS for the current year.

Institutional Trading of Eastman Chemical

Large investors have recently made changes to their positions in the company. Vontobel Holding Ltd. bought a new stake in shares of Eastman Chemical in the 2nd quarter valued at $392,000. Principal Financial Group Inc. increased its position in shares of Eastman Chemical by 5.9% in the 1st quarter. Principal Financial Group Inc. now owns 155,509 shares of the basic materials company's stock valued at $13,702,000 after buying an additional 8,708 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Eastman Chemical by 36.9% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,029 shares of the basic materials company's stock valued at $267,000 after buying an additional 816 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Eastman Chemical in the 1st quarter valued at $1,494,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Eastman Chemical in the 2nd quarter valued at $679,000. Institutional investors own 83.65% of the company's stock.

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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