Last Updated: 14 Sep 2024
## Executive Summary Eastman Chemical Company (EMN) is a leading global specialty materials company with a market capitalization of $11.64 billion. The company's strong financial performance, including an EBITDA of $1.57 billion and EPS of $7.43, has resulted in a trailing PE ratio of 13.41. Analysts have a positive outlook on EMN, with 4 strong buy ratings and 5 buy ratings. The current stock price of $103.1 is below the analyst target price of $112.89. ## Company Overview Eastman Chemical Company is an independent global specialty materials company that produces a broad range of advanced materials, chemicals, and fibers for everyday purposes. The company is headquartered in Kingsport, Tennessee, and has operations in over 100 countries. Eastman Chemical Company's products are used in a variety of industries, including automotive, construction, consumer goods, and healthcare. ## Fundamental Analysis Eastman Chemical Company's financial performance has been strong in recent years. The company's revenue has grown by an average of 5% per year over the past five years, and its EPS has grown by an average of 10% per year. The company's profit margin is 9.65%, and its operating margin is 15.4%. Eastman Chemical Company's return on assets is 4.56%, and its return on equity is 16%. The company's strong financial performance is supported by its leading market position in a number of its core businesses. Eastman Chemical Company is the world's leading producer of PET plastics, and it is also a major producer of other specialty chemicals and materials. The company's products are used in a variety of essential applications, which gives it a strong competitive advantage. ## Technical Analysis Eastman Chemical Company's stock price has been in a bullish trend in recent months. The stock price has broken above its 50-day and 200-day moving averages, and it is now trading near its 52-week high. The stock's relative strength index (RSI) is also above 50, which indicates that the stock is in a bullish trend. ## Short Term Outlook Eastman Chemical Company's stock price is expected to continue to rise in the short term. The company's strong financial performance and positive analyst outlook are expected to support the stock's upward momentum. The stock's technical indicators also suggest that the stock is in a bullish trend. ## Long Term Outlook Eastman Chemical Company's long-term outlook is also positive. The company's leading market position in its core businesses and its strong financial performance are expected to continue to drive the stock's growth. The company's focus on innovation and sustainability is also expected to support its long-term growth prospects. ## Analyst Recommendations Analysts have a positive outlook on Eastman Chemical Company. The consensus analyst rating is buy, and the average analyst target price is $112.89. Analysts believe that the company's strong financial performance and positive long-term outlook make it a good investment for investors.
