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Eastman Chemical Co (EMN) – Don’t Believe the Hype: Check The Facts

Eastman Chemical Co (NYSE: EMN) is -16.73% lower on its value in year-to-date trading and has touched a low of $70.90 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 $81.48 in the last trading session, with the day’s loss setting it -5.44%.

Currently trading at $76.04, the stock is -11.18% and -18.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing -6.68% at the moment leaves the stock -22.63% off its SMA200. EMN registered -25.41% loss for a year compared to 6-month loss of -29.77%. The firm has a 50-day simple moving average (SMA 50) of $93.2558 and a 200-day simple moving average (SMA200) of $98.2859.

The stock witnessed a -17.71% gain in the last 1 month and extending the period to 3 months gives it a -13.77%, and is -4.93% 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 9.60% over the week and 4.29% over the month.

Eastman Chemical Co (EMN) has around 14000 employees, a market worth around $8.78B and $9.37B in sales. Current P/E ratio is 9.89 and Fwd P/E is 8.21. Profit margin for the company is 9.65%. Distance from 52-week low is 7.25% and -33.59% 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 6.41% this year

1035.0 institutions hold shares in Eastman Chemical Co (EMN), with institutional investors hold 93.43% of the company’s shares. The shares outstanding are 115.12M, and float is at 114.61M with Short Float at 2.57%. Institutions hold 92.72% 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 7.1754 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).

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