Eastman Chemical Company (NYSE:EMN) Receives $79.17 Average Price Target from Analysts

Shares of Eastman Chemical Company (NYSE:EMN) have received an average recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $79.1667.

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their target price on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research note on Thursday, August 13th. Wall Street Zen cut shares of Eastman Chemical from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada upped their target price on shares of Eastman Chemical from $69.00 to $74.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Finally, KeyCorp initiated coverage on shares of Eastman Chemical in a research report on Thursday. They issued a “sector weight” rating on the stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Eastman Chemical by 29.3% in the 1st quarter. Royal Bank of Canada now owns 188,049 shares of the basic materials company’s stock valued at $14,352,000 after acquiring an additional 42,601 shares during the period. Thrivent Financial for Lutherans boosted its stake in Eastman Chemical by 18.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 617,870 shares of the basic materials company’s stock worth $39,439,000 after purchasing an additional 94,679 shares during the period. Empowered Funds LLC grew its position in Eastman Chemical by 270.9% during the 1st quarter. Empowered Funds LLC now owns 65,611 shares of the basic materials company’s stock worth $5,007,000 after purchasing an additional 47,923 shares during the last quarter. Freestone Grove Partners LP purchased a new position in Eastman Chemical during the 2nd quarter worth $954,000. Finally, NewEdge Advisors LLC increased its stake in Eastman Chemical by 123.6% in the first quarter. NewEdge Advisors LLC now owns 62,829 shares of the basic materials company’s stock valued at $4,795,000 after purchasing an additional 34,734 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

NYSE:EMN opened at $68.05 on Friday. Eastman Chemical has a 12 month low of $56.11 and a 12 month high of $83.47. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76. The firm has a market capitalization of $7.78 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.07. The business’s fifty day moving average price is $70.75 and its 200 day moving average price is $71.87.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.40 billion. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.Eastman Chemical’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, sell-side analysts anticipate that Eastman Chemical will post 6.48 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.9%. Eastman Chemical’s dividend payout ratio (DPR) is presently 87.50%.

Eastman Chemical Company Profile

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops and manufactures products used in transportation, building and construction, consumer goods, packaging, personal care, and other markets. The company serves customers through a portfolio of specialty polymers, additives, advanced materials, chemical intermediates, and fibers.

Its products include Tritan copolyester used in durable consumer and medical applications, Saflex interlayers for laminated glass, cellulose esters for coatings and plastics, and specialty additives used in coatings, adhesives, lubricants, and personal care products.