A Closer Look at Eastman Chemical Co (EMN)’s Operating Margin

At the time of writing, Eastman Chemical Co [EMN] stock is trading at $103.20, down -0.10%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EMN shares have gain 4.68% over the last week, with a monthly amount glided 2.09%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Eastman Chemical Co [NYSE: EMN] stock has seen the most recent analyst activity on May 23, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $128 from $106. Previously, Jefferies upgraded its rating to Buy on April 29, 2024, and elevated its price target to $125. On February 15, 2024, Redburn Atlantic initiated with a Buy rating and assigned a price target of $110 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $81 on November 02, 2023. JP Morgan upgraded its rating to a Overweight but $90 remained the price target by the analyst firm on October 30, 2023. Piper Sandler downgraded its rating to Neutral for this stock on August 01, 2023, but kept the price target unchanged to $96. In a note dated June 14, 2023, Citigroup initiated an Buy rating and provided a target price of $91 on this stock.

For the past year, the stock price of Eastman Chemical Co fluctuated between $68.89 and $103.67. Currently, Wall Street analysts expect the stock to reach $109.65 within the next 12 months. Eastman Chemical Co [NYSE: EMN] shares were valued at $103.20 at the most recent close of the market. An investor can expect a potential return of 6.25% based on the average EMN price forecast.

Analyzing the EMN fundamentals

According to Eastman Chemical Co [NYSE:EMN], the company’s sales were 9.10B for trailing twelve months, which represents an -4.11% plunge. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.92.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 102.22 points at the first support level, and at 101.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.90, and for the 2nd resistance point, it is at 104.59.

Ratios To Look Out For

It is important to note that Eastman Chemical Co [NYSE:EMN] has a current ratio of 1.39. Further, the Quick Ratio stands at 0.71, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 2.19 and price to earnings (TTM) ratio is 13.27.

Transactions by insiders

Recent insider trading involved Holt Adrian James, SVP, Chf HR Ofcr, that happened on Jun 03 ’24 when 1975.0 shares were sold. EVP & CCO, LICH BRAD A completed a deal on May 15 ’24 to sell 23028.0 shares. Meanwhile, Director RAISBECK DAVID W sold 13500.0 shares on May 14 ’24.

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