Eastman Chemical (NYSE:EMN) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Eastman Chemical (NYSE:EMN) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other research firms have also recently issued reports on EMN. UBS Group raised their target price on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. Citigroup cut their price target on shares of Eastman Chemical from $88.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Mizuho set a $85.00 price objective on shares of Eastman Chemical in a research note on Friday, May 1st. Finally, Wells Fargo & Company upped their price objective on Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.50.

Eastman Chemical Stock Performance

Eastman Chemical stock opened at $70.04 on Friday. The firm has a market capitalization of $8.01 billion, a P/E ratio of 18.24, a PEG ratio of 0.90 and a beta of 1.07. The stock has a fifty day moving average price of $70.72 and a 200 day moving average price of $72.15. Eastman Chemical has a 52 week low of $56.11 and a 52 week 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.

Eastman Chemical (NYSE:EMN) last issued 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 firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.40 billion. Eastman Chemical had a return on equity of 9.53% and a net margin of 4.99%.The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. Equities research analysts anticipate that Eastman Chemical will post 6.3 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, June 15th. Eastman Chemical’s payout ratio is currently 97.39%.

Institutional Trading of Eastman Chemical

Several large investors have recently added to or reduced their stakes in the stock. Horizon Investments LLC boosted its position in shares of Eastman Chemical by 3,022.6% in the fourth quarter. Horizon Investments LLC now owns 100,078 shares of the basic materials company’s stock worth $6,388,000 after buying an additional 96,873 shares during the period. DDD Partners LLC acquired a new position in Eastman Chemical during the 4th quarter worth approximately $15,425,000. Deprince Race & Zollo Inc. boosted its holdings in Eastman Chemical by 21.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 559,128 shares of the basic materials company’s stock worth $35,689,000 after acquiring an additional 99,883 shares during the period. Yousif Capital Management LLC boosted its holdings in Eastman Chemical by 81.8% in the 4th quarter. Yousif Capital Management LLC now owns 23,169 shares of the basic materials company’s stock worth $1,534,000 after acquiring an additional 10,428 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Eastman Chemical by 84.2% in the fourth quarter. State of Alaska Department of Revenue now owns 100,129 shares of the basic materials company’s stock valued at $6,390,000 after acquiring an additional 45,774 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Eastman Chemical

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: Eastman reported adjusted earnings of $1.97 per share, above the $1.82 consensus estimate, while revenue reached $2.51 billion versus expectations of $2.40 billion. Earnings increased from $1.60 per share in the year-ago quarter. Eastman Chemical Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Higher sales volumes and mix contributed roughly 5% growth, while pricing added about 4%. Reported EBIT rose to $311 million from $222 million, demonstrating meaningful operating leverage. EMN Q2 Earnings Beat on Volume Growth and Higher Pricing
• Positive Sentiment: Management set third-quarter 2026 EPS guidance at approximately $1.97, above the $1.92 consensus estimate, and expects full-year operating cash flow to approach $900 million. Eastman Chemical Earnings Report
• Neutral Sentiment: Performance was uneven by segment: Chemical Intermediates sales surged 39%, while Advanced Materials and Additives & Functional Products each rose 5%; Fibers sales declined 11%. Eastman Chemical Q2 Earnings Snapshot
• Negative Sentiment: Operating cash flow was $224 million, slightly below the prior-year figure of $233 million, and the company remains exposed to geopolitical, raw-material and demand volatility. Commentary suggesting benefits from the Iran conflict may reflect temporary pricing or supply effects rather than durable growth. Eastman Chemical Benefits From Iran Conflict

About Eastman Chemical

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.