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

Shares of Eastman Chemical Company (NYSE:EMN) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $79.6667.

Several research analysts have recently commented on the company. Mizuho set a $85.00 price objective on Eastman Chemical in a report on Friday, May 1st. Morgan Stanley dropped their target price on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. UBS Group increased their price target on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Finally, Citigroup dropped their price objective 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of Eastman Chemical during the fourth quarter valued at approximately $202,000. Integrated Wealth Concepts LLC lifted its stake in Eastman Chemical by 185.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock worth $589,000 after acquiring an additional 4,345 shares during the period. Millennium Management LLC boosted its holdings in Eastman Chemical by 69.2% in the first quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock valued at $17,098,000 after acquiring an additional 79,376 shares in the last quarter. NewEdge Advisors LLC increased its position in Eastman Chemical by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock valued at $644,000 after purchasing an additional 183 shares during the period. Finally, United Services Automobile Association bought a new position in Eastman Chemical in the first quarter worth about $252,000. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

Shares of Eastman Chemical stock opened at $68.79 on Friday. The business’s fifty day simple moving average is $72.50 and its 200 day simple moving average is $71.63. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. Eastman Chemical has a 12 month low of $56.11 and a 12 month high of $83.47. The firm has a market capitalization of $7.87 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 0.89 and a beta of 1.07.

Eastman Chemical (NYSE:EMN) last released its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the company earned $1.91 earnings per share. 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. As a group, analysts anticipate that Eastman Chemical will post 6.3 EPS for the current year.

Eastman Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s dividend payout ratio is presently 97.39%.

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.