JPMorgan Chase & Co. Issues Positive Forecast for Eastman Chemical (NYSE:EMN) Stock Price

Key Points

• JPMorgan Chase raised its price target on Eastman Chemical from $80 to $82 and kept an "overweight" rating, implying about a 6.8% upside from the prior close.
• Other firms (UBS, Citigroup) lifted targets to $88, but the MarketBeat consensus remains a Hold with an average target of $78.82; Eastman traded at $76.77, slightly beat Q1 EPS ($1.09 vs. $1.07) and set Q2 guidance of $1.70–$1.90.

Eastman Chemical (NYSE:EMN - Get Free Report) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $80.00 to $82.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the basic materials company's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 6.82% from the company's previous close.

A number of other analysts have also recently commented on the company. UBS Group lifted their price objective on Eastman Chemical from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, April 9th. Citigroup lifted their price objective on Eastman Chemical from $83.00 to $88.00 and gave the stock a "buy" rating in a research report on Monday. KeyCorp reiterated an "overweight" rating on shares of Eastman Chemical in a research report on Monday, February 2nd. Weiss Ratings upgraded Eastman Chemical from a "sell (d+)" rating to a "hold (c)" rating in a research report on Wednesday, February 18th. Finally, Mizuho set a $85.00 price target on Eastman Chemical in a report on Friday. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Eastman Chemical currently has an average rating of "Hold" and a consensus target price of $78.82.

Eastman Chemical Price Performance

Eastman Chemical stock traded down $0.76 during midday trading on Monday, reaching $76.77. 1,494,914 shares of the company were exchanged, compared to its average volume of 1,654,394. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 1.05 and a beta of 1.04. The firm's 50-day simple moving average is $72.58 and its 200-day simple moving average is $68.11. Eastman Chemical has a 1 year low of $56.11 and a 1 year high of $84.18. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 1.37.

Eastman Chemical (NYSE:EMN - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. The firm had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.17 billion. Eastman Chemical had a return on equity of 8.94% and a net margin of 4.62%.The firm's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. On average, analysts anticipate that Eastman Chemical will post 5.85 EPS for the current year.

Hedge Funds Weigh In On Eastman Chemical

Several hedge funds and other institutional investors have recently bought and sold shares of EMN. MUFG Securities EMEA plc acquired a new position in Eastman Chemical during the 2nd quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in shares of Eastman Chemical in the 4th quarter valued at approximately $25,000. Brown Lisle Cummings Inc. raised its position in shares of Eastman Chemical by 70.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Eastman Chemical in the 4th quarter valued at approximately $27,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Eastman Chemical in the 4th quarter valued at approximately $27,000. 83.65% of the stock is owned by institutional investors and hedge funds.

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.

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