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After finishing at $110.15 in the prior trading day, Eastman Chemical Co (NYSE: EMN) closed at $107.93, down -2.02%. In other words, the price has decreased by -$2.02 from its previous closing price. On the day, 1.0 million shares were traded. EMN stock price reached its highest trading level at $109.69 during the session, while it also had its lowest trading level at $107.47.
Ratios:
Our goal is to gain a better understanding of EMN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.95. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.77.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on May 23, 2024, Upgraded its rating to Buy and sets its target price to $128 from $106 previously.
On April 29, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $102 to $125.
On February 15, 2024, Redburn Atlantic started tracking the stock assigning a Buy rating and target price of $110.Redburn Atlantic initiated its Buy rating on February 15, 2024, with a $110 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 03 ’24 when Holt Adrian James sold 1,975 shares for $99.22 per share. The transaction valued at 195,960 led to the insider holds 0 shares of the business.
LICH BRAD A sold 23,028 shares of EMN for $2,314,544 on May 15 ’24. The EVP & CCO now owns 68,793 shares after completing the transaction at $100.51 per share. On May 14 ’24, another insider, RAISBECK DAVID W, who serves as the Director of the company, sold 13,500 shares for $100.50 each. As a result, the insider received 1,356,750 and left with 29,357 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EMN now has a Market Capitalization of 12872163328 and an Enterprise Value of 17285261312. As of this moment, Eastman’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.50, and their Forward P/E ratio for the next fiscal year is 12.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 2.24. Its current Enterprise Value per Revenue stands at 1.89 whereas that against EBITDA is 10.982.
Stock Price History:
Over the past 52 weeks, EMN has reached a high of $114.50, while it has fallen to a 52-week low of $68.89. The 50-Day Moving Average of the stock is 6.47%, while the 200-Day Moving Average is calculated to be 12.82%.
Shares Statistics:
The stock has traded on average 857.36K shares per day over the past 3-months and 945120 shares per day over the last 10 days, according to various share statistics. A total of 117.29M shares are outstanding, with a floating share count of 116.12M. Insiders hold about 0.63% of the company’s shares, while institutions hold 87.87% stake in the company. Shares short for EMN as of 1726185600 were 2298783 with a Short Ratio of 2.68, compared to 1723680000 on 1714871. Therefore, it implies a Short% of Shares Outstanding of 2298783 and a Short% of Float of 2.27.
Dividends & Splits
In the trailing 12 months, EMN’s forward annual dividend rate was 3.22, compared to 3.24 this year. Against a Trailing Annual Dividend Yield of 0.029232863The stock’s 5-year Average Dividend Yield is 3.27.
