Eastman Chemical Company (NYSE:EMN) Receives $80.25 Consensus Target Price from Analysts

Shares of Eastman Chemical Company (NYSE:EMN) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $80.25.

A number of analysts have recently issued reports on EMN shares. Mizuho set a $85.00 price objective on shares of Eastman Chemical in a report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. Morgan Stanley lifted their price objective on shares of Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Royal Bank Of Canada lifted their target price on shares of Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th.

Hedge Funds Weigh In On Eastman Chemical

A number of large investors have recently added to or reduced their stakes in EMN. HighTower Advisors LLC raised its position 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 worth $108,246,000 after purchasing an additional 1,648,054 shares during the period. Norges Bank purchased a new position in Eastman Chemical in the 4th quarter worth $95,621,000. State Street Corp increased its position in shares of Eastman Chemical by 24.3% in the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock valued at $363,314,000 after acquiring an additional 1,112,391 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Eastman Chemical by 97.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock valued at $119,672,000 after acquiring an additional 916,023 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Eastman Chemical by 101.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,425,806 shares of the basic materials company’s stock valued at $91,009,000 after acquiring an additional 718,502 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

NYSE EMN opened at $71.96 on Wednesday. Eastman Chemical has a 52-week low of $56.11 and a 52-week high of $83.47. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 1.47. The company has a market capitalization of $8.23 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.91 and a beta of 1.04. The company has a fifty day moving average of $73.56 and a 200-day moving average of $70.28.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm posted $1.91 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, equities research analysts predict that Eastman Chemical will post 6.36 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s dividend payout ratio (DPR) is presently 97.39%.

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.