In a report released today, Aleksey Yefremov from KeyBanc reiterated a Buy rating on Eastman Chemical (EMN – Research Report). The company’s shares closed last Friday at $82.60.
Yefremov covers the Basic Materials sector, focusing on stocks such as Celanese, Eastman Chemical, and FMC. According to TipRanks, Yefremov has an average return of 8.2% and a 55.76% success rate on recommended stocks.
Currently, the analyst consensus on Eastman Chemical is a Moderate Buy with an average price target of $92.38, which is an 11.84% upside from current levels. In a report released on February 2, Stifel Nicolaus also maintained a Buy rating on the stock with a $102.00 price target.
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EMN market cap is currently $9.79B and has a P/E ratio of 11.03.
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Eastman Chemical (EMN) Company Description:
Eastman Chemical Co. engages in the provision of specialty chemicals. It operates through the following segments: Additives and Functional Products, Advanced Materials, Chemical Intermediates and Fibers. The Additives and Functional Products segment includes chemicals for products in the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. The Advanced Materials segment produces and markets its polymers, films, and plastics with differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness markets. The Chemical Intermediates segment consists of large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support operating segments with advantaged cost positions. The Fiber segment offers cellulose acetate tow for use in filtration media, primarily cigarette filters. The company was founded by George Eastman in 1920 and is headquartered in Kingsport, TN.
Read More on EMN:
- Eastman Chemical price target lowered to $91 from $95 at Mizuho
- Eastman Chemical price target raised to $93 from $91 at UBS
- Eastman Chemical sees FY24 EPS $7.25-$8.00, consensus $7.85
- Eastman Chemical reports Q4 adjusted EPS $1.31, consensus $1.30
- Eastman Chemical options imply 2.7% move in share price post-earnings
