4 days Ago By Defense World Staff
Shares of Eastman Chemical (NYSE:EMN – Get Free Report) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company.
The average 12 month price objective among analysts that have covered the stock in the last year is $100.92. EMN has been the topic of several recent research reports.
JPMorgan Chase & Co. restated a “neutral” rating and issued a $76.00 price target (down from $112.
00) on shares of Eastman Chemical in a research report on Monday. Barclays dropped their price objective on shares of Eastman Chemical from $111.00 to $108.
00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. UBS Group cut their price target on Eastman Chemical from $123.00 to $115.
00 and set a “buy” rating on the stock in a report on Monday, April 7th. Citigroup raised Eastman Chemical from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $105.00 to $101.
00 in a research report on Friday, April 4th. Finally, KeyCorp decreased their target price on shares of Eastman Chemical from $120.00 to $106.
00 and set an “overweight” rating for the company in a research report on Monday.Read Our Latest Stock Report on Eastman ChemicalInstitutional Investors Weigh In On Eastman ChemicalSeveral institutional investors have recently made changes to their positions in EMN. Capital Research Global Investors raised its stake in Eastman Chemical by 13.
4% in the fourth quarter. Capital Research Global Investors now owns 5,886,564 shares of the basic materials company’s stock valued at $537,561,000 after purchasing an additional 697,388 shares in the last quarter. Franklin Resources Inc.
boosted its stake in shares of Eastman Chemical by 10.8% during the fourth quarter. Franklin Resources Inc.
now owns 5,785,259 shares of the basic materials company’s stock valued at $528,310,000 after purchasing an additional 565,821 shares in the last quarter. Invesco Ltd. increased its position in Eastman Chemical by 11.
1% in the 4th quarter. Invesco Ltd. now owns 2,844,165 shares of the basic materials company’s stock valued at $259,729,000 after acquiring an additional 284,271 shares during the period.
Massachusetts Financial Services Co. MA lifted its holdings in Eastman Chemical by 4.0% during the 4th quarter.
Massachusetts Financial Services Co. MA now owns 2,843,506 shares of the basic materials company’s stock worth $259,669,000 after buying an additional 109,316 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Eastman Chemical by 1.
7% in the 4th quarter. Geode Capital Management LLC now owns 2,832,593 shares of the basic materials company’s stock worth $257,986,000 after purchasing an additional 48,491 shares during the period. 83.
65% of the stock is currently owned by institutional investors. Eastman Chemical Stock PerformanceShares of NYSE EMN opened at $75.69 on Tuesday.
The company has a market capitalization of $8.72 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 1.
22 and a beta of 1.38. The business’s 50-day moving average price is $86.
87 and its two-hundred day moving average price is $94.64. The company has a debt-to-equity ratio of 0.
78, a current ratio of 1.51 and a quick ratio of 0.78.
Eastman Chemical has a one year low of $70.90 and a one year high of $114.50.
Eastman Chemical (NYSE:EMN – Get Free Report) last posted its earnings results on Thursday, April 24th. The basic materials company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.
89 by $0.02. Eastman Chemical had a return on equity of 16.
27% and a net margin of 9.65%. The firm had revenue of $2.
29 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the company earned $1.
61 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis.
Analysts anticipate that Eastman Chemical will post 8.55 earnings per share for the current fiscal year. Eastman Chemical Dividend AnnouncementThe firm also recently announced a quarterly dividend, which was paid on Monday, April 7th.
Stockholders of record on Friday, March 14th were given a $0.83 dividend. The ex-dividend date of this dividend was Friday, March 14th.
This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.39%.
Eastman Chemical’s payout ratio is presently 42.24%. About Eastman Chemical (Get Free ReportEastman Chemical Company operates as a specialty materials company in the United States, China, and internationally.
The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.See AlsoFive stocks we like better than Eastman ChemicalWhat is the Nasdaq? Complete Overview with HistoryBest Defense Stocks in 2025..
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