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

Shares of Eastman Chemical Company (NYSE:EMN) have earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $79.1667.

A number of research analysts have issued reports on EMN shares. Wall Street Zen raised shares of Eastman Chemical from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a report on Thursday, August 13th. Citigroup cut their price target on Eastman Chemical from $85.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $75.00 price objective on shares of Eastman Chemical in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. upped their price objective on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, May 4th.

Institutional Investors Weigh In On Eastman Chemical

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp acquired a new position in Eastman Chemical during the 2nd quarter worth $2,095,000. Prosperitas Financial LLC acquired a new stake in Eastman Chemical in the second quarter worth about $206,000. Archer Investment Corp bought a new stake in shares of Eastman Chemical in the 2nd quarter worth $190,000. Dearborn Partners LLC bought a new stake in Eastman Chemical in the second quarter worth about $309,000. Finally, Equitable Holdings Inc. lifted its stake in Eastman Chemical by 21.9% during the second quarter. Equitable Holdings Inc. now owns 18,144 shares of the basic materials company’s stock valued at $1,215,000 after purchasing an additional 3,260 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Chemical Stock Up 2.8%

Eastman Chemical stock opened at $75.05 on Monday. The stock’s 50 day moving average price is $70.57 and its 200 day moving average price is $72.63. Eastman Chemical has a 1-year low of $56.11 and a 1-year high of $83.47. The company has a market cap of $8.58 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.15. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the business posted $1.60 earnings per share. Eastman Chemical’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. On average, sell-side analysts predict that Eastman Chemical will post 6.5 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Eastman Chemical’s payout ratio is 87.50%.

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.