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Eastman Chemical Co (NYSE: EMN) closed the day trading at $108.72 down -1.45% from the previous closing price of $110.32. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 0.95 million shares were traded. EMN stock price reached its highest trading level at $110.88 during the session, while it also had its lowest trading level at $108.4712.
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 24.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.10. 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, BofA Securities on Oct-17-24, 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 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 12705018880 and an Enterprise Value of 17377540096. As of this moment, Eastman’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.61, and their Forward P/E ratio for the next fiscal year is 12.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 2.26. Its current Enterprise Value per Revenue stands at 1.9 whereas that against EBITDA is 11.04.
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 5.10%, while the 200-Day Moving Average is calculated to be 12.47%.
Shares Statistics:
Over the past 3-months, EMN traded about 859.70K shares per day on average, while over the past 10 days, EMN traded about 759270 shares per day. 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 87.83% stake in the company. Shares short for EMN as of 1727654400 were 1935024 with a Short Ratio of 2.25, compared to 1724976000 on 1723022. Therefore, it implies a Short% of Shares Outstanding of 1935024 and a Short% of Float of 1.91.
Dividends & Splits
EMN’s forward annual dividend rate is 3.24, up from 3.22 a year ago. Against a Trailing Annual Dividend Yield of 0.029187817The stock’s 5-year Average Dividend Yield is 3.27.
