Brokerages Set Eastman Chemical Company (NYSE:EMN) Target Price at $80.25

Eastman Chemical Company (NYSE:EMN) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $80.25.

EMN has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price target on Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Zacks Research raised Eastman Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Wells Fargo & Company lifted their price target on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, Citigroup lifted their price target on Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a report on Monday, May 4th.

Hedge Funds Weigh In On Eastman Chemical

Several institutional investors have recently bought and sold shares of EMN. HighTower Advisors LLC grew its holdings in Eastman Chemical by 3,448.7% in the 4th quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock valued at $108,246,000 after buying an additional 1,648,054 shares during the last quarter. Norges Bank acquired a new stake in Eastman Chemical in the 4th quarter valued at approximately $95,621,000. State Street Corp grew its position in Eastman Chemical by 24.3% during the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock worth $363,314,000 after buying an additional 1,112,391 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Eastman Chemical by 97.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock worth $119,672,000 after buying an additional 916,023 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Eastman Chemical by 101.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,425,806 shares of the basic materials company’s stock worth $91,009,000 after buying an additional 718,502 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Eastman Chemical Stock Down 0.6%

EMN opened at $71.96 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 1.47. Eastman Chemical has a one year low of $56.11 and a one year high of $83.47. The business’s fifty day moving average is $73.56 and its two-hundred day moving average is $70.19. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 0.92 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last released its earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS 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 analyst estimates of $2.17 billion. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Analysts anticipate that Eastman Chemical will post 6.36 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s dividend payout ratio (DPR) is currently 97.39%.

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.