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

Shares of Eastman Chemical Company (NYSE:EMN) have been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $80.25.

A number of equities research analysts have commented on the stock. UBS Group increased their price objective on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Zacks Research raised shares of Eastman Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Morgan Stanley boosted their price objective on shares of Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. upped their price objective on Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $82.00 price objective on shares of Eastman Chemical in a research report on Tuesday, May 5th.

Eastman Chemical Stock Up 0.5%

NYSE EMN opened at $73.27 on Wednesday. The stock’s 50 day simple moving average is $73.57 and its 200 day simple moving average is $70.49. Eastman Chemical has a one year low of $56.11 and a one year high of $83.47. The firm has a market cap of $8.38 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 0.91 and a beta of 1.04. 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 (NYSE:EMN) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The business’s revenue was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, sell-side analysts forecast that Eastman Chemical will post 6.36 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be issued a $0.84 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.36 annualized dividend and a yield of 4.6%. Eastman Chemical’s dividend payout ratio (DPR) is currently 97.39%.

Institutional Trading of Eastman Chemical

Several institutional investors and hedge funds have recently added to or reduced their stakes in EMN. MUFG Securities EMEA plc bought a new position in shares of Eastman Chemical in the 2nd quarter valued at about $25,000. Altshuler Shaham Ltd bought a new stake in shares of Eastman Chemical during the fourth quarter worth approximately $25,000. Brown Lisle Cummings Inc. lifted its holdings in Eastman Chemical by 70.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after buying an additional 175 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in Eastman Chemical in the fourth quarter valued at approximately $27,000. Finally, Los Angeles Capital Management LLC bought a new position in Eastman Chemical in the fourth quarter valued at approximately $27,000. 83.65% of the stock is 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.