Eastman Chemical Company (NYSE:EMN) Receives $79.17 Average PT from Brokerages

Eastman Chemical Company (NYSE:EMN) has earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $79.1667.

EMN has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $74.00 target price on shares of Eastman Chemical in a research report on Monday, August 3rd. Wall Street Zen cut shares of Eastman Chemical from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup cut their price objective on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. KeyCorp began coverage on Eastman Chemical in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $75.00 target price on shares of Eastman Chemical in a report on Thursday, July 16th.

Eastman Chemical Trading Down 1.8%

NYSE:EMN opened at $65.80 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. Eastman Chemical has a 12 month low of $56.11 and a 12 month high of $83.47. The company has a market cap of $7.53 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.82 and a beta of 1.07. The company has a 50 day simple moving average of $70.63 and a two-hundred day simple moving average of $71.73.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.15. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. Research analysts forecast that Eastman Chemical will post 6.48 earnings per share for the current year.

Eastman Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.36 annualized dividend and a dividend yield of 5.1%. Eastman Chemical’s dividend payout ratio (DPR) is 87.50%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in shares of Eastman Chemical by 29.3% in the first quarter. Royal Bank of Canada now owns 188,049 shares of the basic materials company’s stock worth $14,352,000 after buying an additional 42,601 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings 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 valued at $39,439,000 after buying an additional 94,679 shares in the last quarter. Empowered Funds LLC grew its holdings 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 valued at $5,007,000 after buying an additional 47,923 shares in the last quarter. Freestone Grove Partners LP bought a new stake in Eastman Chemical in the 2nd quarter worth approximately $954,000. Finally, NewEdge Advisors LLC increased its stake in Eastman Chemical by 123.6% in the 1st quarter. NewEdge Advisors LLC now owns 62,829 shares of the basic materials company’s stock worth $4,795,000 after acquiring an additional 34,734 shares during the last quarter. 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 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.