Citigroup Has Lowered Expectations for Eastman Chemical (NYSE:EMN) Stock Price

Posted by George Bondi on Jun 24th, 2026

Eastman Chemical (NYSE:EMN – Get Free Report) had its price target decreased by stock analysts at Citigroup from $88.00 to $85.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Citigroup’s price objective indicates a potential upside of 20.73% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. UBS Group raised their price target on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Morgan Stanley increased their target price on Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada boosted their price target on shares of Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. Zacks Research upgraded shares of Eastman Chemical from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

View Our Latest Research Report on EMN

Eastman Chemical Price Performance

Shares of EMN stock traded up $0.93 during mid-day trading on Wednesday, hitting $70.41. The company had a trading volume of 749,776 shares, compared to its average volume of 1,487,816. Eastman Chemical has a 52-week low of $56.11 and a 52-week high of $83.47. The stock’s 50 day moving average price is $73.22 and its 200-day moving average price is $71.35. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The company has a market capitalization of $8.05 billion, a P/E ratio of 20.43, a P/E/G ratio of 0.91 and a beta of 1.04.

Eastman Chemical (NYSE:EMN – Get Free Report) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. Eastman Chemical’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the company posted $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities research analysts forecast that Eastman Chemical will post 6.36 earnings per share for the current year.

Hedge Funds Weigh In On Eastman Chemical

A number of institutional investors have recently modified their holdings of the stock. Lido Advisors LLC grew its stake in Eastman Chemical by 0.6% in the fourth quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock worth $1,297,000 after purchasing an additional 125 shares in the last quarter. Altshuler Shaham Ltd raised its position in Eastman Chemical by 36.9% during the 1st quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 145 shares in the last quarter. Generali Asset Management SPA SGR raised its position in Eastman Chemical by 9.6% during the 4th quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 149 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Eastman Chemical by 6.2% in the 4th quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock worth $164,000 after buying an additional 150 shares during the period. Finally, Jacobi Capital Management LLC grew its position in shares of Eastman Chemical by 3.2% during the 4th quarter. Jacobi Capital Management LLC now owns 4,982 shares of the basic materials company’s stock worth $318,000 after buying an additional 153 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Chemical Company Profile

(Get Free Report)

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company’s main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.