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

Shares of Eastman Chemical Company (NYSE:EMN) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $80.25.

Several research firms have recently issued reports on EMN. UBS Group increased their price objective on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Mizuho set a $85.00 price objective on shares of Eastman Chemical in a research report on Friday, May 1st. Zacks Research upgraded shares of Eastman Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. upped their target price on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Citigroup upped their target price on shares of Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, May 4th.

Eastman Chemical Price Performance

Eastman Chemical stock opened at $73.81 on Friday. Eastman Chemical has a 52-week low of $56.11 and a 52-week high of $83.47. The firm has a fifty day moving average of $72.36 and a 200-day moving average of $68.77. The firm has a market capitalization of $8.44 billion, a P/E ratio of 21.40, a PEG ratio of 0.95 and a beta of 1.04. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the business earned $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. As a group, analysts predict that Eastman Chemical will post 6.33 EPS for the current year.

Eastman Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be paid a $0.84 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.6%. Eastman Chemical’s dividend payout ratio is 97.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lido Advisors LLC boosted its stake in shares of Eastman Chemical by 0.6% in the fourth quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock valued at $1,297,000 after purchasing an additional 125 shares during the period. Generali Asset Management SPA SGR raised its holdings in Eastman Chemical by 9.6% in the fourth quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 149 shares in the last quarter. UMB Bank n.a. raised its holdings in Eastman Chemical by 6.2% in the fourth quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock valued at $164,000 after acquiring an additional 150 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in Eastman Chemical by 3.2% in the fourth quarter. Jacobi Capital Management LLC now owns 4,982 shares of the basic materials company’s stock valued at $318,000 after acquiring an additional 153 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Eastman Chemical by 0.7% in the fourth quarter. QRG Capital Management Inc. now owns 23,069 shares of the basic materials company’s stock valued at $1,472,000 after acquiring an additional 158 shares in the last quarter. 83.65% of the stock is currently 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, 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.