Eastman Chemical Co (NYSE: EMN) is -1.58% lower on its value in year-to-date trading and has touched a low of $86.70 and a high of $114.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EMN stock was last observed hovering at around $91.38 in the last trading session, with the day’s loss setting it -1.5%.
Currently trading at $89.88, the stock is -5.35% and -5.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -1.64% at the moment leaves the stock -9.70% off its SMA200. EMN registered -2.62% loss for a year compared to 6-month loss of -15.15%. The firm has a 50-day simple moving average (SMA 50) of $95.5566 and a 200-day simple moving average (SMA200) of $99.5339.
The stock witnessed a -11.24% gain in the last 1 month and extending the period to 3 months gives it a -6.82%, and is -0.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.90% over the week and 2.75% over the month.
Eastman Chemical Co (EMN) has around 14000 employees, a market worth around $10.35B and $9.37B in sales. Current P/E ratio is 11.69 and Fwd P/E is 9.55. Profit margin for the company is 9.65%. Distance from 52-week low is 3.67% and -21.50% from its 52-week high. The company has generated returns on investments over the last 12 months (8.67%).
The EPS is expected to grow by 7.24% this year
1047.0 institutions hold shares in Eastman Chemical Co (EMN), with institutional investors hold 93.77% of the company’s shares. The shares outstanding are 115.12M, and float is at 114.32M with Short Float at 2.53%. Institutions hold 93.07% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.82 million shares valued at $1.45 billion. The investor’s holdings represent 12.6265 of the EMN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.42 million shares valued at $824.59 million to account for 7.1693 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.21 million shares representing 4.4455 and valued at over $514.73 million, while CAPITAL RESEARCH GLOBAL INVESTORS holds 4.2217 of the shares totaling 4.95 million with a market value of $485.16 million.
Eastman Chemical Co (EMN) Insider Activity
The most recent transaction is an insider sale by Caveness Michelle H, the company’s SVP & Chf. Mfg. Ofc. SEC filings show that Caveness Michelle H sold 1,147 shares of the company’s common stock on Mar 03 ’25 at a price of $98.51 per share for a total of $0.11 million. Following the sale, the insider now owns 1167.0 shares.
Still, SEC filings show that on Feb 26 ’25, Costa Mark J (CEO & Board Chair) disposed off 4,834 shares at an average price of $100.08 for $0.48 million. The insider now directly holds 446,586 shares of Eastman Chemical Co (EMN).
