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

Shares of Eastman Chemical Company (NYSE:EMN) have been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $80.00.

A number of equities research analysts have commented on the company. Morgan Stanley upped their price target on Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Zacks Research upgraded Eastman Chemical from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Mizuho set a $85.00 price target on Eastman Chemical in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. Finally, UBS Group upped their price target on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, April 9th.

Eastman Chemical Trading Up 0.3%

Shares of EMN stock opened at $70.83 on Friday. The firm has a market capitalization of $8.10 billion, a P/E ratio of 20.53, a P/E/G ratio of 0.90 and a beta of 1.04. Eastman Chemical has a twelve month low of $56.11 and a twelve month high of $83.47. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $73.04 and its 200 day simple moving average is $71.48.

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

Eastman Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.36 annualized dividend and a yield of 4.7%. Eastman Chemical’s payout ratio is 97.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EMN. HighTower Advisors LLC boosted its holdings in Eastman Chemical by 3,448.7% in the fourth quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock worth $108,246,000 after acquiring an additional 1,648,054 shares in the last quarter. Norges Bank bought a new position in Eastman Chemical in the fourth quarter worth approximately $95,621,000. State Street Corp boosted its holdings in Eastman Chemical by 24.3% in the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock worth $363,314,000 after acquiring an additional 1,112,391 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Eastman Chemical by 97.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock worth $119,672,000 after acquiring an additional 916,023 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Eastman Chemical by 101.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,425,806 shares of the basic materials company’s stock worth $91,009,000 after acquiring an additional 718,502 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Company Profile

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.