Eastman Chemical (NYSE:EMN) Stock Gets Downgrade from JPMorgan Chase & Co.

Eastman Chemical (NYSE:EMN) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Friday, MarketBeat reports. They presently have a $66.00 target price on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 3.46% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. Barclays assumed coverage on Eastman Chemical in a research report on Monday. They set an “equal weight” rating and a $72.00 price objective on the stock. Morgan Stanley decreased their target price on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $74.00 target price on shares of Eastman Chemical in a research note on Monday, August 3rd. KeyCorp assumed coverage on Eastman Chemical in a research report on Thursday, September 10th. They set a “sector weight” rating on the stock. Finally, Mizuho dropped their price target on Eastman Chemical from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Eastman Chemical presently has an average rating of “Hold” and an average price target of $75.50.

Eastman Chemical Stock Performance

NYSE:EMN opened at $63.79 on Friday. The firm has a market cap of $7.30 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06. Eastman Chemical has a fifty-two week low of $56.11 and a fifty-two week high of $83.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.50. The business has a 50 day moving average price of $68.74 and a 200-day moving average price of $70.79.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.15. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%. Eastman Chemical’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. Equities research analysts predict that Eastman Chemical will post 6.41 earnings per share for the current year.

Hedge Funds Weigh In On Eastman Chemical

Several hedge funds and other institutional investors have recently modified their holdings of the company. Altshuler Shaham Ltd boosted its position in Eastman Chemical by 36.9% in the first quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 145 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Eastman Chemical by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 20,743 shares of the basic materials company’s stock valued at $1,389,000 after purchasing an additional 153 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Eastman Chemical by 17.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,134 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 168 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Eastman Chemical by 5.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 3,850 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 184 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Eastman Chemical by 21.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,193 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 207 shares during the period. 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 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.