Eastman Chemical Company (EMN)
NYSE: EMN · IEX Real-Time Price · USD
95.97
-0.43 (-0.45%)
At close: Apr 17, 2024, 4:00 PM
95.75
-0.22 (-0.23%)
Pre-market: Apr 18, 2024, 4:08 AM EDT
Eastman Chemical Company Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for EMN stock have an average target of 95.65, with a low estimate of 78 and a high estimate of 121. The average target predicts a decrease of -0.33% from the current stock price of 95.97.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for EMN stock from 17 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Hold | 13 | 14 | 13 | 10 | 10 | 10 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 20 | 19 | 17 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Hold Maintains $89 → $100 | Hold | Maintains | $89 → $100 | +4.20% | Apr 11, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $95 → $114 | Strong Buy | Maintains | $95 → $114 | +18.79% | Apr 10, 2024 |
| Keybanc | Keybanc | Buy Maintains $101 → $121 | Buy | Maintains | $101 → $121 | +26.08% | Apr 9, 2024 |
| Redburn Atlantic | Redburn Atlantic | Strong Buy Initiates $110 | Strong Buy | Initiates | $110 | +14.62% | Feb 15, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $96 → $95 | Strong Buy | Maintains | $96 → $95 | -1.01% | Feb 6, 2024 |
Financial Forecast
Revenue This Year
9.50B
from 9.21B
Increased by 3.18%
Revenue Next Year
9.98B
from 9.50B
Increased by 5.06%
EPS This Year
7.75
from 7.49
Increased by 3.48%
EPS Next Year
9.04
from 7.75
Increased by 16.58%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 10.3B | 10.8B | 12.0B | 10.2B |
| Avg | 9.5B | 10.0B | 10.5B | 9.8B |
| Low | 8.7B | 9.0B | 9.3B | 9.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 11.8% | 13.7% | 19.9% | -2.8% |
| Avg | 3.2% | 5.1% | 5.1% | -6.5% |
| Low | -5.5% | -5.4% | -7.0% | -9.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 8.33 | 10.55 | 11.82 | 11.76 |
| Avg | 7.75 | 9.04 | 10.09 | 11.31 |
| Low | 7.20 | 7.84 | 8.62 | 10.98 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 11.3% | 36.2% | 30.8% | 16.6% |
| Avg | 3.5% | 16.6% | 11.7% | 12.1% |
| Low | -3.8% | 1.2% | -4.6% | 8.8% |
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.