Analyzing Stock On Your Own: Eastman Chemical Co (NYSE: EMN)

Eastman Chemical Co (NYSE:EMN) does about 983.33K shares in volume on a normal day but saw 1382106 shares change hands in Monday trading. The company now has a market cap of 12.14B USD. Its current market price is $103.20, marking a decrease of -0.10% compared to the previous close of $103.30. The 52 week high reached by this stock is $103.67 whilst the lowest price level in 52 weeks is $68.89.

Eastman Chemical Co (EMN) has a 20-day trading average at $100.28 and the current price is -0.45% off the 52-week high compared with 49.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $99.11 and its 200-day simple moving average is $87.08. If we look at the stock’s price movements over the week, volatility stands at 2.17%, which decreases to 1.64% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.78 to suggest the stock is neutral.

The consensus objective for the share price is $109.24, suggesting that the stock has a potential upside of 5.53% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 23, 2024 when UBS upgraded the stock to “Buy” and issued a price target of between $106 and $128. Jefferies also upgraded the stock to “Buy” from Hold on April 29, 2024 at a price target of $102-$125. Redburn Atlantic initiated its price target at $110.

Eastman Chemical Co (EMN) stock is up 4.68% over the week and 2.09% over the past month. Its price is 14.90% year-to-date and 28.33% over the past year.

To reach the target analysts have set, the stock logically needs to grow 5.53 percent from here.

The company has a return on investment of 9.36% and return on equity of 17.25%. The price to earnings ratio (P/E ratio) amounts to 13.27 while the forward price to earnings ratio is 11.44. The beta has a value of 1.49. Price to book ratio is 2.19 and price to sales ratio is 1.33.