Eastman Chemical Company (NYSE:EMN) Receives $80.50 Consensus PT from Analysts

Eastman Chemical Company (NYSE:EMN) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $80.50.

Several research analysts recently commented on the stock. Mizuho set a $85.00 price target on shares of Eastman Chemical in a research note on Friday, May 1st. JPMorgan Chase & Co. upped their target price on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 4th. UBS Group raised their price target on Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $82.00 price objective on shares of Eastman Chemical in a report on Tuesday, May 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th.

Eastman Chemical Stock Up 0.4%

Eastman Chemical stock opened at $68.16 on Thursday. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.88 and a beta of 1.07. Eastman Chemical has a 12 month low of $56.11 and a 12 month high of $83.47. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $71.00 and a two-hundred day simple moving average of $72.11.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The company 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 business earned $1.91 earnings per share. Eastman Chemical’s revenue for the quarter was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities analysts predict that Eastman Chemical will post 6.3 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were issued a $0.84 dividend. The ex-dividend date was Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a yield of 4.9%. Eastman Chemical’s payout ratio is currently 97.39%.

Institutional Investors Weigh In On Eastman Chemical

Large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its stake in Eastman Chemical by 3,448.7% during the 4th quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock valued at $108,246,000 after acquiring an additional 1,648,054 shares in the last quarter. Norges Bank acquired a new position in Eastman Chemical during the fourth quarter valued at approximately $95,621,000. State Street Corp grew its stake in Eastman Chemical by 24.3% in the 3rd quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock valued at $363,314,000 after buying an additional 1,112,391 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Eastman Chemical by 97.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock worth $119,672,000 after buying an additional 916,023 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Eastman Chemical by 101.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,425,806 shares of the basic materials company’s stock valued at $91,009,000 after acquiring an additional 718,502 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

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.