Morgan Stanley Has Lowered Expectations for Eastman Chemical (NYSE:EMN) Stock Price

Eastman Chemical (NYSE:EMN) had its price objective cut by research analysts at Morgan Stanley from $83.00 to $79.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Morgan Stanley’s price target suggests a potential upside of 17.50% from the company’s current price.

EMN has been the subject of several other reports. JPMorgan Chase & Co. increased their price target on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Royal Bank Of Canada increased their price objective on Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Zacks Research raised shares of Eastman Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. Finally, Citigroup dropped their price target on shares of Eastman Chemical from $88.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.67.

Eastman Chemical Price Performance

NYSE EMN opened at $67.23 on Thursday. The firm’s 50 day moving average is $72.65 and its 200-day moving average is $71.63. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $7.69 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 0.85 and a beta of 1.04. Eastman Chemical has a 12-month low of $56.11 and a 12-month high of $83.47.

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 the consensus estimate of $1.07 by $0.02. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. The firm’s 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. Equities research analysts anticipate that Eastman Chemical will post 6.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eastman Chemical

Several large investors have recently modified their holdings of EMN. MUFG Securities EMEA plc bought a new stake in shares of Eastman Chemical during the 2nd quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in shares of Eastman Chemical in the fourth quarter valued at approximately $25,000. Brown Lisle Cummings Inc. grew its position in shares of 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 purchasing an additional 175 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Eastman Chemical during the fourth quarter worth approximately $27,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Eastman Chemical during the fourth quarter worth approximately $27,000. 83.65% of the stock is owned by institutional investors.

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.