Eastman Chemical (NYSE:EMN) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Eastman Chemical (NYSE:EMN) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $64.00 to $72.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the basic materials company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential downside of 5.22% from the company’s previous close.

Several other equities analysts also recently weighed in on EMN. Bank of America dropped their target price on Eastman Chemical from $78.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Royal Bank Of Canada lowered shares of Eastman Chemical from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $74.00 to $70.00 in a research note on Friday, January 16th. Citigroup upped their target price on shares of Eastman Chemical from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. KeyCorp reduced their target price on shares of Eastman Chemical from $76.00 to $74.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. Finally, UBS Group dropped their price target on shares of Eastman Chemical from $75.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $78.21.

Eastman Chemical Price Performance

Eastman Chemical stock opened at $75.96 on Monday. The company’s 50 day simple moving average is $65.56 and its 200-day simple moving average is $64.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 1.76. Eastman Chemical has a 1 year low of $56.11 and a 1 year high of $103.82. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 7.11 and a beta of 1.23.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, January 29th. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). Eastman Chemical had a net margin of 5.42% and a return on equity of 10.63%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business posted $1.87 EPS. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. As a group, equities research analysts expect that Eastman Chemical will post 8.55 earnings per share for the current year.

Hedge Funds Weigh In On Eastman Chemical

A number of institutional investors and hedge funds have recently modified their holdings of EMN. MUFG Securities EMEA plc purchased a new stake in Eastman Chemical during the 2nd quarter worth about $25,000. Brown Lisle Cummings Inc. lifted its stake in Eastman Chemical by 70.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Eastman Chemical in the second quarter valued at approximately $32,000. Loomis Sayles & Co. L P purchased a new position in Eastman Chemical in the second quarter valued at approximately $33,000. Finally, Lodestone Wealth Management LLC acquired a new stake in Eastman Chemical during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Key Headlines Impacting Eastman Chemical

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

• Positive Sentiment: Citigroup raised its price target to $78 and kept a “buy” rating, signaling incremental analyst conviction that EMN has upside. Article Title
• Positive Sentiment: Bank of America increased its target to $79 and maintained a “buy” rating, reinforcing bullish sentiment from another large shop. Article Title
• Positive Sentiment: Seeking Alpha published a bullish note arguing results have bottomed; it highlights cost cuts, the Kingsport ramp-up, solid free cash flow and a 4.8% dividend yield as reasons EMN can recover. That thematic bullishness likely supported today’s buying. Eastman Chemical: Confidence Grows As Results Have Bottomed
• Neutral Sentiment: Zacks ran a piece on Eastman’s reliance on international sales — useful context for investors assessing growth drivers and risk from Chinese exports and FX, but not an immediate catalyst. Article Title
• Negative Sentiment: JPMorgan raised its target to $70 but keeps an “overweight” stance; the new target remains below the current price, which may temper further upside and suggests some analysts see limited short-term upside. Article Title
• Negative Sentiment: Deutsche Bank boosted its target to $72 but stayed at “hold”; that target also implies downside from the current level and highlights continuing caution among some analysts. Article Title

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.