Barclays Upgrades Eastman Chemical (NYSE:EMN) to “Hold”

Eastman Chemical (NYSE:EMN) was upgraded by equities researchers at Barclays to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other analysts also recently weighed in on EMN. Mizuho decreased their target price on shares of Eastman Chemical from $85.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, October 1st. KeyCorp initiated coverage on shares of Eastman Chemical in a research report on Thursday, September 10th. They issued a “sector weight” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Eastman Chemical in a research note on Friday, September 25th. Royal Bank Of Canada lowered their target price on shares of Eastman Chemical from $74.00 to $65.00 and set a “sector perform” rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $75.00 price target on shares of Eastman Chemical in a research report on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.64.

Eastman Chemical Trading Down 0.2%

Shares of EMN stock opened at $62.87 on Monday. Eastman Chemical has a 1-year low of $56.11 and a 1-year high of $83.47. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 0.78 and a beta of 1.06. The stock has a 50-day moving average of $68.93 and a 200-day moving average of $70.84.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The company 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 9.46% 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 in the previous year, the firm earned $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, equities research analysts forecast that Eastman Chemical will post 6.42 earnings per share for the current year.

Hedge Funds Weigh In On Eastman Chemical

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Elevation Wealth Partners LLC purchased a new stake in shares of Eastman Chemical in the third quarter worth approximately $25,000. Continuum Advisory LLC bought a new stake in shares of Eastman Chemical in the 2nd quarter worth $40,000. Altshuler Shaham Ltd raised its holdings in shares of Eastman Chemical by 36.9% in the first quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 145 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Eastman Chemical in the second quarter valued at about $44,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Eastman Chemical during the second quarter valued at about $46,000. Institutional investors own 83.65% of the company’s stock.

About Eastman Chemical

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company headquartered in Kingsport, Tennessee. Founded in 1920 as a division of Eastman Kodak Company, Eastman became an independent public company in 1994. The company develops and manufactures materials used in products across the transportation, building and construction, consumer goods, medical, and personal care industries.

Eastman’s portfolio includes specialty plastics, coatings and adhesives, performance additives, advanced interlayers, films, plasticizers, fibers, and chemical intermediates.