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

Eastman Chemical Company (NYSE:EMN) has earned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, 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 12 month price objective among brokerages that have issued a report on the stock in the last year is $80.50.

Several research analysts have commented on EMN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Citigroup lowered their target price on shares of Eastman Chemical from $88.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. JPMorgan Chase & Co. lifted their price target on shares of Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. UBS Group upped their price target on shares of Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Finally, Morgan Stanley reduced their price objective on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd.

Eastman Chemical Trading Down 0.8%

Shares of EMN stock opened at $67.64 on Thursday. The company has a market cap of $7.73 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 0.88 and a beta of 1.07. Eastman Chemical has a 1 year low of $56.11 and a 1 year high of $83.47. The stock’s 50 day simple moving average is $70.93 and its two-hundred day simple moving average is $72.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71.

Eastman Chemical (NYSE:EMN) last announced its earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, topping 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 analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business earned $1.91 EPS. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Research analysts predict that Eastman Chemical will post 6.3 earnings per share for the current year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 5.0%. Eastman Chemical’s dividend payout ratio is currently 97.39%.

Institutional Investors Weigh In On Eastman Chemical

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp grew its position in 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 valued at $363,314,000 after acquiring an additional 1,112,391 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Eastman Chemical by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,936,789 shares of the basic materials company’s stock worth $376,747,000 after buying an additional 338,914 shares during the period. Franklin Resources Inc. increased its stake in Eastman Chemical by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 3,722,964 shares of the basic materials company’s stock worth $237,637,000 after buying an additional 20,634 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Eastman Chemical by 39.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,592,691 shares of the basic materials company’s stock valued at $196,552,000 after buying an additional 732,693 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Eastman Chemical by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 2,476,677 shares of the basic materials company’s stock valued at $184,909,000 after buying an additional 143,323 shares during the period. 83.65% of the stock is 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.