Eastman Chemical Company (EMN)
NYSE: EMN · IEX Real-Time Price · USD
97.15
-2.32 (-2.33%)
At close: Jul 19, 2024, 4:00 PM
97.45
+0.30 (0.31%)
Pre-market: Jul 22, 2024, 7:32 AM EDT
Eastman Chemical Company Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for EMN stock have an average target of 103.06, with a low estimate of 78 and a high estimate of 128. The average target predicts an increase of 6.08% from the current stock price of 97.15.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for EMN stock from 18 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 5 | 6 | 6 | 6 |
| Buy | 4 | 4 | 3 | 3 | 3 | 3 |
| Hold | 10 | 10 | 11 | 10 | 9 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 17 | 19 | 19 | 18 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $114 → $111 | Strong Buy | Maintains | $114 → $111 | +14.26% | Jun 27, 2024 |
| UBS | UBS | Hold → Strong Buy Upgrades $106 → $128 | Hold → Strong Buy | Upgrades | $106 → $128 | +31.76% | May 23, 2024 |
| Barclays | Barclays | Hold Maintains $85 → $103 | Hold | Maintains | $85 → $103 | +6.02% | May 6, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $100 → $104 | Hold | Maintains | $100 → $104 | +7.05% | Apr 30, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $90 → $105 | Hold | Maintains | $90 → $105 | +8.08% | Apr 30, 2024 |
Financial Forecast
Revenue This Year
9.49B
from 9.21B
Increased by 3.06%
Revenue Next Year
9.98B
from 9.49B
Increased by 5.11%
EPS This Year
7.81
from 7.49
Increased by 4.25%
EPS Next Year
9.10
from 7.81
Increased by 16.55%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.4B | 10.8B | 11.4B | 10.3B | 10.5B |
| Avg | 9.5B | 10.0B | 10.5B | 9.9B | 10.1B |
| Low | 8.7B | 9.0B | 9.3B | 9.6B | 9.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.5% | 13.6% | 14.5% | -2.2% | 6.4% |
| Avg | 3.1% | 5.1% | 5.1% | -5.9% | 2.4% |
| Low | -5.2% | -5.6% | -7.2% | -8.7% | -0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.35 | 11.03 | 12.76 | 11.30 | 11.77 |
| Avg | 7.81 | 9.10 | 10.27 | 10.87 | 11.32 |
| Low | 7.35 | 8.08 | 8.82 | 10.54 | 10.99 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.4% | 41.2% | 40.2% | 10.0% | 8.3% |
| Avg | 4.3% | 16.6% | 12.9% | 5.8% | 4.2% |
| Low | -1.9% | 3.5% | -3.1% | 2.6% | 1.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.