Eastman Chemical Co (NYSE: EMN) is -23.06% 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 $76.46 in the last trading session, with the day’s loss setting it -74.67%.
Currently trading at $1.79M, the stock is -2.91% and -3.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 1274444% at the moment leaves the stock -18.72% off its SMA200. EMN registered -16.92% loss for a year compared to 6-month loss of -15.73%. The firm has a 50-day simple moving average (SMA 50) of $78.6186 and a 200-day simple moving average (SMA200) of $93.33925.
The stock witnessed a -5.80% gain in the last 1 month and extending the period to 3 months gives it a -15.08%, and is 0.93% up 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 1.30% over the week and 1.87% over the month.
Eastman Chemical Co (EMN) has around 14000 employees, a market worth around $8.76B and $9.35B in sales. Current P/E ratio is 9.66 and Fwd P/E is 9.14. Profit margin for the company is 9.86%. Distance from 52-week low is 7.01% and -33.74% 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 -6.35% this year
1079.0 institutions hold shares in Eastman Chemical Co (EMN), with institutional investors hold 94.05% of the company’s shares. The shares outstanding are 115.41M, and float is at 114.60M with Short Float at 2.98%. Institutions hold 93.34% 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 12.6373 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).
