Eastman Chemical Company (NYSE:EMN) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Eastman Chemical Company (NYSE:EMN) have received an average recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $77.29.

A number of analysts have recently commented on the stock. Jefferies Financial Group restated a “buy” rating and set a $85.00 price target on shares of Eastman Chemical in a research report on Friday, September 25th. Royal Bank Of Canada increased their price objective on Eastman Chemical from $69.00 to $74.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Barclays set a $72.00 price target on shares of Eastman Chemical in a research note on Monday. KeyCorp initiated coverage on shares of Eastman Chemical in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. Finally, Morgan Stanley reduced their price objective on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd.

Institutional Investors Weigh In On Eastman Chemical

Several hedge funds have recently modified their holdings of EMN. Lido Advisors LLC increased its stake in shares of Eastman Chemical by 0.6% in the 4th 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 last quarter. Altshuler Shaham Ltd grew its stake in shares of Eastman Chemical by 36.9% during the first quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock worth $41,000 after buying an additional 145 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Eastman Chemical by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 20,743 shares of the basic materials company’s stock valued at $1,389,000 after acquiring an additional 153 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Eastman Chemical by 17.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,134 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 168 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in Eastman Chemical by 5.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 3,850 shares of the basic materials company’s stock valued at $257,000 after buying an additional 184 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Eastman Chemical Stock Performance

EMN opened at $62.18 on Tuesday. The company has a fifty day moving average of $69.36 and a 200 day moving average of $70.96. Eastman Chemical has a fifty-two week low of $56.11 and a fifty-two week high of $83.47. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.50.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the business posted $1.60 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, sell-side analysts forecast that Eastman Chemical will post 6.43 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th were paid a dividend of $0.84 per share. The ex-dividend date was Tuesday, September 15th. This represents a $3.36 annualized dividend and a yield of 5.4%. Eastman Chemical’s payout ratio is presently 87.50%.

About Eastman Chemical

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company headquartered in Kingsport, Tennessee. Founded in 1920 as a division of Eastman Kodak Company, Eastman became an independent public company in 1994. The company develops and manufactures materials used in products across the transportation, building and construction, consumer goods, medical, and personal care industries.

Eastman’s portfolio includes specialty plastics, coatings and adhesives, performance additives, advanced interlayers, films, plasticizers, fibers, and chemical intermediates.