JPMorgan Chase & Co. Issues Positive Forecast for Eastman Chemical (NYSE:EMN) Stock Price

Eastman Chemical (NYSE:EMN) had its target price raised by investment analysts at JPMorgan Chase & Co. from $80.00 to $82.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 6.82% from the company’s previous close.

EMN has been the topic of several other reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $79.00 price target on shares of Eastman Chemical in a research report on Wednesday, February 4th. Mizuho set a $85.00 price target on Eastman Chemical in a research report on Friday. Weiss Ratings raised Eastman Chemical from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, February 18th. Citigroup upped their price target on Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a research report on Monday. Finally, Bank of America upped their price target on Eastman Chemical from $74.00 to $79.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $78.82.

Eastman Chemical Stock Performance

Shares of EMN stock traded down $0.76 on Monday, hitting $76.77. 1,494,914 shares of the stock traded hands, compared to its average volume of 1,654,394. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.37 and a quick ratio of 0.63. The company has a market capitalization of $8.76 billion, a PE ratio of 22.25, a PEG ratio of 1.05 and a beta of 1.04. Eastman Chemical has a 1-year low of $56.11 and a 1-year high of $84.18. The company’s fifty day moving average is $72.58 and its 200 day moving average is $68.11.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. Eastman Chemical had a return on equity of 8.94% and a net margin of 4.62%.The business’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. On average, equities research analysts predict that Eastman Chemical will post 5.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in Eastman Chemical by 24.3% during the 3rd quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock worth $363,314,000 after buying an additional 1,112,391 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Eastman Chemical by 13.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,597,875 shares of the basic materials company’s stock worth $293,486,000 after purchasing an additional 545,219 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Eastman Chemical by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 3,722,964 shares of the basic materials company’s stock worth $237,637,000 after purchasing an additional 20,634 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Eastman Chemical by 6.1% in the second quarter. Bank of America Corp DE now owns 2,476,677 shares of the basic materials company’s stock worth $184,909,000 after purchasing an additional 143,323 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in shares of Eastman Chemical by 7.6% in the fourth quarter. Earnest Partners LLC now owns 2,405,649 shares of the basic materials company’s stock worth $153,553,000 after purchasing an additional 170,676 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

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.