Brokerages Set Eastman Chemical Company (NYSE:EMN) PT at $87.00

Shares of Eastman Chemical Company (NYSE:EMN) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $87.00.

Several brokerages recently weighed in on EMN. Mizuho decreased their target price on Eastman Chemical from $92.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. UBS Group decreased their target price on Eastman Chemical from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, July 9th. Wells Fargo & Company dropped their price target on shares of Eastman Chemical from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Citigroup reduced their price objective on shares of Eastman Chemical from $90.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, August 4th. Finally, The Goldman Sachs Group reduced their price objective on shares of Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th.

Eastman Chemical Trading Up 0.5%

Shares of EMN stock opened at $68.97 on Monday. The stock has a 50-day simple moving average of $71.71 and a 200 day simple moving average of $78.94. Eastman Chemical has a fifty-two week low of $56.78 and a fifty-two week high of $114.50. The stock has a market capitalization of $7.92 billion, a P/E ratio of 9.69, a P/E/G ratio of 6.60 and a beta of 1.26. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81.

Eastman Chemical (NYSE:EMN) last announced its earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.12). Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the business earned $2.15 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. On average, sell-side analysts expect that Eastman Chemical will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be paid a $0.83 dividend. The ex-dividend date is Monday, September 15th. This represents a $3.32 dividend on an annualized basis and a yield of 4.8%. Eastman Chemical’s dividend payout ratio (DPR) is presently 46.63%.

Hedge Funds Weigh In On Eastman Chemical

Several large investors have recently bought and sold shares of the stock. Holderness Investments Co. raised its stake in Eastman Chemical by 1.2% during the 1st quarter. Holderness Investments Co. now owns 10,466 shares of the basic materials company’s stock valued at $922,000 after purchasing an additional 125 shares during the last quarter. CX Institutional raised its stake in Eastman Chemical by 10.6% during the 2nd quarter. CX Institutional now owns 1,339 shares of the basic materials company’s stock valued at $100,000 after purchasing an additional 128 shares during the last quarter. Wesbanco Bank Inc. raised its stake in Eastman Chemical by 3.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,109 shares of the basic materials company’s stock valued at $307,000 after purchasing an additional 130 shares during the last quarter. Y.D. More Investments Ltd raised its stake in Eastman Chemical by 15.0% during the 1st quarter. Y.D. More Investments Ltd now owns 1,044 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 136 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC raised its stake in Eastman Chemical by 4.5% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,304 shares of the basic materials company’s stock valued at $291,000 after purchasing an additional 143 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

About Eastman Chemical

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.