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

Eastman Chemical Company (NYSE:EMN) has earned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $80.50.

EMN has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $82.00 price target on shares of Eastman Chemical in a report on Tuesday, May 5th. Royal Bank Of Canada increased their target price on shares of Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 5th. Citigroup reduced their price target on Eastman Chemical from $88.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Morgan Stanley lowered their price target on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $75.00 price objective on shares of Eastman Chemical in a report on Thursday, July 16th.

Institutional Trading of Eastman Chemical

Several large investors have recently added to or reduced their stakes in EMN. HighTower Advisors LLC increased its position in Eastman Chemical by 3,448.7% during the 4th quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock valued at $108,246,000 after purchasing an additional 1,648,054 shares during the period. Norges Bank purchased a new stake in shares of Eastman Chemical in the 4th quarter worth about $95,621,000. State Street Corp lifted its position in shares of Eastman Chemical by 24.3% in the 3rd quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock worth $363,314,000 after purchasing an additional 1,112,391 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Eastman Chemical by 97.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock valued at $119,672,000 after purchasing an additional 916,023 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Eastman Chemical by 101.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,425,806 shares of the basic materials company’s stock valued at $91,009,000 after purchasing an additional 718,502 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Price Performance

Shares of Eastman Chemical stock opened at $69.21 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The business’s 50 day simple moving average is $71.16 and its two-hundred day simple moving average is $72.11. The stock has a market capitalization of $7.91 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 0.89 and a beta of 1.07. Eastman Chemical has a one year low of $56.11 and a one year high of $83.47.

Eastman Chemical (NYSE:EMN) last released 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 return on equity of 8.88% and a net margin of 4.62%.The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Analysts forecast that Eastman Chemical will post 6.3 EPS for the current year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 15th were issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, June 15th. Eastman Chemical’s dividend payout ratio is currently 97.39%.

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.