Eastman Chemical (NYSE:EMN) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Eastman Chemical (NYSE:EMN) from a buy rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other research analysts also recently commented on the stock. Royal Bank Of Canada raised their price target on shares of Eastman Chemical from $69.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Citigroup lowered their price objective on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. KeyCorp started coverage on shares of Eastman Chemical in a research note on Thursday. They issued a “sector weight” rating on the stock. UBS Group raised their target price on shares of Eastman Chemical from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $74.00 price target on shares of Eastman Chemical in a research note on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Eastman Chemical has a consensus rating of “Hold” and a consensus price target of $79.17.

Eastman Chemical Price Performance

EMN opened at $68.05 on Friday. The business has a fifty day moving average of $70.75 and a 200 day moving average of $71.90. The stock has a market cap of $7.78 billion, a P/E ratio of 17.72, a PEG ratio of 0.84 and a beta of 1.07. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. Eastman Chemical has a 52-week low of $56.11 and a 52-week high of $83.47.

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

Eastman Chemical Dividend Announcement

The firm 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 of this dividend is Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a yield of 4.9%. Eastman Chemical’s dividend payout ratio is 87.50%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Eastman Chemical during the second quarter valued at approximately $1,134,421,000. California State Teachers Retirement System raised its stake in Eastman Chemical by 6,459.7% in the second quarter. California State Teachers Retirement System now owns 8,871,367 shares of the basic materials company’s stock worth $594,204,000 after buying an additional 8,736,126 shares in the last quarter. State Street Corp lifted its holdings in Eastman Chemical by 24.3% during the third 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 period. Dimensional Fund Advisors LP boosted its position in Eastman Chemical by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,936,789 shares of the basic materials company’s stock valued at $376,747,000 after acquiring an additional 338,914 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Eastman Chemical by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 3,722,964 shares of the basic materials company’s stock valued at $237,637,000 after acquiring an additional 20,634 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Trending Headlines about Eastman Chemical

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: KeyCorp projects Eastman’s earnings will increase from $6.30 per share in fiscal 2026 to $6.70 in 2027 and $7.90 in 2028, indicating a recovery in profitability over the longer term.
• Neutral Sentiment: KeyCorp maintained a “Sector Weight” rating and estimated third-quarter 2026 EPS of $1.94 and fourth-quarter EPS of $1.30. These forecasts provide limited evidence of a near-term catalyst. KeyCorp earnings estimates
• Neutral Sentiment: Analysts collectively give Eastman Chemical an average “Hold” recommendation, suggesting expectations are balanced rather than strongly bullish or bearish. Eastman Chemical receives average Hold recommendation
• Negative Sentiment: Wall Street Zen downgraded EMN to “Hold,” reinforcing cautious sentiment and potentially weighing on the stock as investors reassess its near-term upside. Eastman Chemical downgraded to Hold
• Negative Sentiment: KeyCorp’s fiscal 2026 EPS estimate of $6.30 is below the broader consensus of approximately $6.48–$6.50, signaling expectations for weaker near-term earnings than the market currently anticipates.

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.