The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Eastman Chemical Co (NYSE: EMN) closed at $88.18 down -0.34% from its previous closing price of $88.48. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 0.82 million shares were traded. EMN stock price reached its highest trading level at $88.68 during the session, while it also had its lowest trading level at $86.91.
Ratios:
For a deeper understanding of Eastman Chemical Co’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.04. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.81.
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, Citigroup on December 18, 2024, Downgraded its rating to Neutral and sets its target price to $104 from $118 previously.
On November 26, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $110 to $125.
BofA Securities Downgraded its Buy to Neutral on October 16, 2024, whereas the target price for the stock was revised from $114 to $119.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 29 ’24 when Costa Mark J sold 18,278 shares for $105.00 per share. The transaction valued at 1,919,190 led to the insider holds 395,699 shares of the business.
Holt Adrian James sold 3,683 shares of EMN for $386,273 on Dec 03 ’24. The SVP, Chf HR Ofcr now owns 0 shares after completing the transaction at $104.88 per share. On Dec 03 ’24, another insider, Holt Adrian James, who serves as the Officer of the company, bought 3,683 shares for $104.88 each.
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 10221208576 and an Enterprise Value of 14866693120. As of this moment, Eastman’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.80, and their Forward P/E ratio for the next fiscal year is 10.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 1.591 whereas that against EBITDA is 8.828.
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 $80.71. The 50-Day Moving Average of the stock is -10.71%, while the 200-Day Moving Average is calculated to be -12.07%.
Shares Statistics:
For the past three months, EMN has traded an average of 1.05M shares per day and 952060 over the past ten days. A total of 115.86M shares are outstanding, with a floating share count of 115.17M. Insiders hold about 0.64% of the company’s shares, while institutions hold 88.59% stake in the company. Shares short for EMN as of 1734048000 were 3461624 with a Short Ratio of 3.28, compared to 1731628800 on 2058856. Therefore, it implies a Short% of Shares Outstanding of 3461624 and a Short% of Float of 3.46.
Dividends & Splits
According to the company, the forward annual dividend rate for EMN is 3.26, from 3.24 in the trailing year. Against a Trailing Annual Dividend Yield of 0.036618445The stock’s 5-year Average Dividend Yield is 3.27.
