Eastman Chemical Co (NYSE: EMN) is -15.13% 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 $77.45 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $77.50, the stock is 0.24% and -8.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 0.06% at the moment leaves the stock -19.51% off its SMA200. EMN registered -22.99% loss for a year compared to 6-month loss of -23.18%.
The stock witnessed a -4.88% gain in the last 1 month and extending the period to 3 months gives it a -21.89%, and is -0.54% 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 2.25% over the week and 3.24% over the month.
Eastman Chemical Co (EMN) has around 14000 employees, a market worth around $8.95B and $9.35B in sales. Current P/E ratio is 9.87 and Fwd P/E is 9.32. Profit margin for the company is 9.86%. Distance from 52-week low is 9.31% and -32.31% from its 52-week high. The company has generated returns on investments over the last 12 months (8.69%).
The EPS is expected to shrink by -5.93% this year.
Eastman Chemical Co (EMN) Top Institutional Holders
The shares outstanding are 115.41M, and float is at 114.60M with Short Float at 2.79%.
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 12.6373% 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).
