Eastman Chemical Co [EMN] stock is trading at $91.97, up 3.20%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EMN shares have gain 3.75% over the last week, with a monthly amount drifted -7.41%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Eastman Chemical Co [NYSE: EMN] stock has seen the most recent analyst activity on January 14, 2025, when BofA Securities upgraded its rating to a Buy and also revised its price target to $109 from $115. Previously, Citigroup downgraded its rating to Neutral on December 18, 2024, and dropped its price target to $104. On November 26, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $125 on the stock. BofA Securities downgraded its rating to a Neutral and increased its price target to $119 on October 16, 2024. UBS upgraded its rating to a Buy and raised its price target to $128 on May 23, 2024. Jefferies upgraded its rating to Buy for this stock on April 29, 2024, and upped its price target to $125. In a note dated February 15, 2024, Redburn Atlantic initiated an Buy rating and provided a target price of $110 on this stock.
Eastman Chemical Co [EMN] stock has fluctuated between $80.71 and $114.50 over the past year. Currently, Wall Street analysts expect the stock to reach $116 within the next 12 months. Eastman Chemical Co [NYSE: EMN] shares were valued at $91.97 at the most recent close of the market. An investor can expect a potential return of 26.13% based on the average EMN price forecast.
Analyzing the EMN fundamentals
Eastman Chemical Co [NYSE:EMN] reported sales of 9.34B for the trailing twelve months, which represents a growth of 8.83%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.89.
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 90.52 points at the first support level, and at 89.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.80, and for the 2nd resistance point, it is at 93.64.
Ratios To Look Out For
For context, Eastman Chemical Co’s Current Ratio is 1.52. As well, the Quick Ratio is 0.78, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 12.30.
Transactions by insiders
Recent insider trading involved Costa Mark J, CEO & Board Chair, that happened on Nov 29 ’24 when 18278.0 shares were sold. SVP, Chf HR Ofcr, Holt Adrian James completed a deal on Dec 03 ’24 to sell 3683.0 shares. Meanwhile, Officer Holt Adrian James bought 3683.0 shares on Dec 03 ’24.
