Eastman Chemical Company (EMN) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Eastman Chemical Company (EMN) is a prominent player in the specialty chemicals industry, headquartered in Kingsport, Tennessee. Since its establishment in 1920, Eastman has diversified its product offerings across several segments, including Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers. The company’s expansive portfolio caters to diverse markets such as transportation, personal care, food, agriculture, and electronics. As a publicly traded entity, EMN presents a compelling investment opportunity within the dynamic basic materials sector, complemented by a robust total revenue of approximately $9.15 billion, reflecting significant market presence and growth potential.
Stock Performance and Analyst Recommendations
Current trading data reveals that the stock price of Eastman Chemical Company is $106.63, with analysts projecting a target high price of $128.00 and a target mean price of $112.89. These figures indicate promising upside potential from its current level, underlining a favorable market outlook. Analyst recommendations predominantly advise a “buy,” with a consensus mean of 2.3 derived from a total of 18 opinions. This robust support underscores confidence in Eastman’s operational strength and future performance.
As of now, EMN has 116,860,000 shares outstanding, with a short interest amounting to approximately 1.7% of the float. This low short percent indicates a generally positive sentiment among investors, suggesting that market participants maintain confidence in Eastman’s trajectory. The current stock price is also positioned favorably against recent historical performance, trading just below its fifty-two week high of $108.81, which reflects a bullish trend following a recovery from a low of $68.89.
Market Dynamics and Potential Growth
Eastman Chemical Company’s financial metrics paint a promising picture for potential investors. The stock has demonstrated significant momentum, trading well above its fifty-day average price of $99.38. This upward trend, combined with strong analyst recommendations, presents a unique opportunity for stakeholders seeking to capitalize on the strengths of the specialty chemicals market.
With a solid revenue foundation and strategic positioning across various sectors, Eastman is poised for sustainable growth. While detailed EBITDA figures remain unavailable at this time, the optimistic pricing targets and low short interest indicate a long-term viability and positive sentiment around EMN’s stock performance. Stakeholders and potential investors are encouraged to monitor these developments closely as the market evolves.
| Metric | Value |
|---|---|
| Market Cap | $12.5b |
| Total Debt | $5.1b |
| Total Cash | $530.0m |
| Shares Outstanding | 116.9m |
| Float Shares | 115.9m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.