Eastman Chemical Company (NYSE:EMN) Receives $80.25 Consensus Price Target from Brokerages

Eastman Chemical Company (NYSE:EMN) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $80.25.

EMN has been the topic of several analyst reports. Weiss Ratings raised shares of Eastman Chemical from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada raised their price target on shares of Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 5th. KeyCorp restated an “overweight” rating on shares of Eastman Chemical in a research report on Monday, February 2nd. UBS Group upped their price objective on shares of Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, Mizuho set a $85.00 target price on shares of Eastman Chemical in a report on Friday, May 1st.

Eastman Chemical Price Performance

EMN opened at $74.69 on Friday. The stock’s 50 day simple moving average is $72.41 and its 200 day simple moving average is $68.60. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. Eastman Chemical has a 1 year low of $56.11 and a 1 year high of $84.18. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 0.94 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The business’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, analysts predict that Eastman Chemical will post 6.33 earnings per share 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a yield of 4.5%. Eastman Chemical’s dividend payout ratio is presently 97.39%.

Institutional Investors Weigh In On Eastman Chemical

A number of large investors have recently made changes to their positions in EMN. MUFG Securities EMEA plc purchased a new stake in Eastman Chemical in the second quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in Eastman Chemical in the fourth quarter valued at $25,000. Brown Lisle Cummings Inc. increased its position in Eastman Chemical by 70.0% during the 4th 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 period. Garton & Associates Financial Advisors LLC bought a new position in Eastman Chemical in the 4th quarter worth $27,000. Finally, Los Angeles Capital Management LLC bought a new position in Eastman Chemical in the 4th quarter worth $27,000. 83.65% of the stock is currently 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.