At the time of writing, Eastman Chemical Co [EMN] stock is trading at $104.01, up 2.36%. An important factor to consider is whether the stock is rising or falling in short-term value. The EMN shares have gain 1.60% over the last week, with a monthly amount drifted -4.44%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Eastman Chemical Co [NYSE: EMN] stock has seen the most recent analyst activity on October 16, 2024, when BofA Securities downgraded its rating to a Neutral and also boosted its price target to $119 from $114. Previously, UBS upgraded its rating to Buy on May 23, 2024, and elevated its price target to $128. On April 29, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $125 on the stock. Redburn Atlantic started tracking the stock assigning a Buy rating and suggested a price target of $110 on February 15, 2024. UBS downgraded its rating to a Neutral and reduced its price target to $81 on November 02, 2023. JP Morgan upgraded its rating to Overweight for this stock on October 30, 2023, but kept the price target unchanged to $90. In a note dated August 01, 2023, Piper Sandler downgraded an Neutral rating on this stock but restated the target price of $96.
For the past year, the stock price of Eastman Chemical Co fluctuated between $80.14 and $114.50. Currently, Wall Street analysts expect the stock to reach $109.61 within the next 12 months. Eastman Chemical Co [NYSE: EMN] shares were valued at $104.01 at the most recent close of the market. An investor can expect a potential return of 5.38% based on the average EMN price forecast.
Analyzing the EMN fundamentals
According to Eastman Chemical Co [NYSE:EMN], the company’s sales were 9.34B for trailing twelve months, which represents an 8.83% jump. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.16 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.89.
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 102.98 points at the first support level, and at 101.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 104.58, and for the 2nd resistance point, it is at 105.14.
Ratios To Look Out For
It is important to note that Eastman Chemical Co [NYSE:EMN] has a current ratio of 1.52. On the other hand, the Quick Ratio is 0.78, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 2.13 and price to earnings (TTM) ratio is 13.91.
Transactions by insiders
Recent insider trading involved Killian Christopher Moore, SVP & CTO, that happened on Nov 06 ’24 when 3061.0 shares were sold. Officer, Killian Christopher Moore completed a deal on Nov 06 ’24 to buy 3061.0 shares. Meanwhile, SVP, Chf HR Ofcr Holt Adrian James sold 1975.0 shares on Jun 03 ’24.
