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

Eastman Chemical (NYSE:EMN) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other equities research analysts also recently issued reports on EMN. UBS Group increased their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $75.00 target price on shares of Eastman Chemical in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $82.00 target price on shares of Eastman Chemical in a research note on Tuesday, May 5th. Finally, Morgan Stanley reduced their price target on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.50.

Eastman Chemical Price 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 1.06. Eastman Chemical has a one year low of $56.11 and a one year high of $83.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The business has a fifty day moving average price of $70.72 and a 200-day moving average price of $72.17.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings data 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. Eastman Chemical had a return on equity of 9.53% and a net margin of 4.99%.The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm posted $1.60 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, equities research analysts forecast that Eastman Chemical will post 6.3 EPS for the current year.

Hedge Funds Weigh In On Eastman Chemical

A number of large investors have recently bought and sold shares of the stock. MUFG Securities EMEA plc purchased a new stake in shares of Eastman Chemical during the second quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in shares of Eastman Chemical in the fourth quarter worth $25,000. Brown Lisle Cummings Inc. raised its holdings in Eastman Chemical by 70.0% during the 4th 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 last quarter. Garton & Associates Financial Advisors LLC bought a new stake in Eastman Chemical during the 4th quarter valued at $27,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Eastman Chemical during the 4th quarter valued at $27,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Chemical News Summary

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.