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Eastman Chemical Co (NYSE: EMN) closed the day trading at $103.54 down -0.14% from the previous closing price of $103.68. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 1.53 million shares were traded. EMN stock price reached its highest trading level at $104.805 during the session, while it also had its lowest trading level at $103.0301.
Ratios:
For a better understanding of EMN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.00. 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, BofA Securities on October 16, 2024, Downgraded its rating to Neutral and sets its target price to $119 from $114 previously.
On May 23, 2024, UBS Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $106 to $128.
Jefferies Upgraded its Hold to Buy on April 29, 2024, whereas the target price for the stock was revised from $102 to $125.
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 Nov 06 ’24 when Killian Christopher Moore sold 3,061 shares for $105.00 per share. The transaction valued at 321,405 led to the insider holds 12,366 shares of the business.
Killian Christopher Moore bought 3,061 shares of EMN for $321,405 on Nov 06 ’24. On Jun 03 ’24, another insider, Holt Adrian James, who serves as the SVP, Chf HR Ofcr of the company, sold 1,975 shares for $99.22 each. As a result, the insider received 195,960 and left with 0 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 12017784832 and an Enterprise Value of 16646330368. As of this moment, Eastman’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.85, and their Forward P/E ratio for the next fiscal year is 11.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 2.12. Its current Enterprise Value per Revenue stands at 1.781 whereas that against EBITDA is 9.885.
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 $75.01. The 50-Day Moving Average of the stock is -2.21%, while the 200-Day Moving Average is calculated to be 5.55%.
Shares Statistics:
Over the past 3-months, EMN traded about 849.33K shares per day on average, while over the past 10 days, EMN traded about 1044530 shares per day. A total of 117.29M shares are outstanding, with a floating share count of 115.18M. Insiders hold about 0.63% of the company’s shares, while institutions hold 89.17% stake in the company. Shares short for EMN as of 1728950400 were 1601842 with a Short Ratio of 1.89, compared to 1726185600 on 2298783. Therefore, it implies a Short% of Shares Outstanding of 1601842 and a Short% of Float of 1.6.
Dividends & Splits
EMN’s forward annual dividend rate is 3.24, up from 3.24 a year ago. Against a Trailing Annual Dividend Yield of 0.03125The stock’s 5-year Average Dividend Yield is 3.26.
