Royal Bank Of Canada Increases Eastman Chemical (NYSE:EMN) Price Target to $74.00

Eastman Chemical (NYSE:EMN) had its price target increased by research analysts at Royal Bank Of Canada from $69.00 to $74.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 1.42% from the stock’s current price.

Several other research analysts have also issued reports on the company. Citigroup reduced their price target on Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday. Morgan Stanley lowered their price target 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. Wall Street Zen upgraded Eastman Chemical from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group raised their price objective on Eastman Chemical from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $75.00 target price on shares of Eastman Chemical in a report on Thursday, July 16th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Eastman Chemical presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.17.

Eastman Chemical Trading Down 1.3%

EMN traded down $0.94 during mid-day trading on Wednesday, reaching $72.96. The stock had a trading volume of 227,539 shares, compared to its average volume of 1,463,107. The firm’s fifty day simple moving average is $70.66 and its two-hundred day simple moving average is $72.23. The stock has a market capitalization of $8.34 billion, a P/E ratio of 18.99, a P/E/G ratio of 0.92 and a beta of 1.06. Eastman Chemical has a 52 week low of $56.11 and a 52 week high of $83.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 1.50.

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 company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, equities analysts predict that Eastman Chemical will post 6.34 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EMN. MUFG Securities EMEA plc bought a new stake in shares of Eastman Chemical in the second quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in Eastman Chemical during the fourth quarter worth $25,000. Brown Lisle Cummings Inc. lifted its holdings in Eastman Chemical by 70.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after buying an additional 175 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in Eastman Chemical during the fourth quarter valued at $27,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Eastman Chemical during the 4th quarter worth about $27,000. Institutional investors own 83.65% of the company’s stock.

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.