Eastman Chemical Company (NYSE:EMN) Receives Average Rating of “Moderate Buy” from Brokerages

Eastman Chemical Company (NYSE:EMN) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $80.25.

A number of brokerages recently weighed in on EMN. Evercore set a $75.00 price objective on shares of Eastman Chemical in a report on Wednesday, February 18th. Mizuho set a $85.00 target price on shares of Eastman Chemical in a research report on Friday, May 1st. Morgan Stanley raised their target price on shares of Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Citigroup raised their target price on shares of Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th.

Eastman Chemical Trading Up 1.6%

Shares of EMN opened at $76.69 on Wednesday. Eastman Chemical has a 1-year low of $56.11 and a 1-year high of $83.47. The company has a 50-day moving average of $73.13 and a 200 day moving average of $69.90. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 0.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business posted $1.91 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. On average, research analysts expect that Eastman Chemical will post 6.36 EPS for the current year.

Eastman Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a yield of 4.4%. Eastman Chemical’s dividend payout ratio (DPR) is 97.39%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. MUFG Securities EMEA plc purchased a new position in Eastman Chemical during the 2nd quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in Eastman Chemical during the 4th quarter valued at about $25,000. Brown Lisle Cummings Inc. increased its position in Eastman Chemical by 70.0% during 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 during the period. Garton & Associates Financial Advisors LLC purchased a new position in Eastman Chemical during the 4th quarter valued at about $27,000. Finally, Los Angeles Capital Management LLC purchased a new position in Eastman Chemical during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors 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.