Eastman Chemical Company (NYSE:EMN) Receives $79.17 Average PT from Analysts

Eastman Chemical Company (NYSE:EMN) has earned an average rating of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $79.1667.

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada lifted their target price on Eastman Chemical from $69.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $74.00 price target on shares of Eastman Chemical in a research report on Monday, August 3rd. Morgan Stanley decreased their price objective on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Wall Street Zen lowered shares of Eastman Chemical from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $75.00 target price on shares of Eastman Chemical in a research note on Thursday, July 16th.

Eastman Chemical Stock Performance

EMN stock opened at $66.35 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. The firm has a market cap of $7.59 billion, a PE ratio of 17.28, a P/E/G ratio of 0.80 and a beta of 1.07. The business has a 50 day moving average of $70.58 and a 200-day moving average of $71.59. Eastman Chemical has a 12-month low of $56.11 and a 12-month high of $83.47.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.40 billion. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.Eastman Chemical’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, sell-side analysts expect that Eastman Chemical will post 6.48 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th will be paid a $0.84 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 annualized dividend and a yield of 5.1%. Eastman Chemical’s dividend payout ratio is presently 87.50%.

Institutional Trading of Eastman Chemical

A number of large investors have recently bought and sold shares of the company. Altshuler Shaham Ltd lifted its position in shares of Eastman Chemical by 36.9% during the 1st quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock valued at $41,000 after buying an additional 145 shares during the last quarter. Continuum Advisory LLC bought a new position in shares of Eastman Chemical during the 2nd quarter worth $40,000. Quantbot Technologies LP purchased a new stake in Eastman Chemical in the 2nd quarter worth about $44,000. First Bancorp Inc ME purchased a new stake in Eastman Chemical in the 2nd quarter worth about $46,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Eastman Chemical in the 2nd quarter valued at about $46,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Chemical Company Profile

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops and manufactures products used in transportation, building and construction, consumer goods, packaging, personal care, and other markets. The company serves customers through a portfolio of specialty polymers, additives, advanced materials, chemical intermediates, and fibers.

Its products include Tritan copolyester used in durable consumer and medical applications, Saflex interlayers for laminated glass, cellulose esters for coatings and plastics, and specialty additives used in coatings, adhesives, lubricants, and personal care products.