The stock of Eastman Chemical Co (EMN) has seen a -5.13% decrease in the past week, with a 8.76% gain in the past month, and a 14.21% flourish in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 1.96% for EMN. The simple moving average for the past 20 days is 2.14% for EMN’s stock, with a 12.82% simple moving average for the past 200 days.
Is It Worth Investing in Eastman Chemical Co (NYSE: EMN) Right Now?
Eastman Chemical Co (NYSE: EMN) has a higher price-to-earnings ratio of 14.50x compared to its average ratio. EMN has 36-month beta value of 1.45. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for EMN is 116.12M, and currently, short sellers hold a 1.98% ratio of that float. The average trading volume of EMN on October 04, 2024 was 857.36K shares.
EMN) stock’s latest price update
The stock price of Eastman Chemical Co (NYSE: EMN) has plunged by -2.02 when compared to previous closing price of 110.15, but the company has seen a -5.13% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-10-03 that –(BUSINESS WIRE)–Eastman has scheduled its third-quarter 2024 financial results news release and SEC Form 8-K filing, teleconference and webcast.
Analysts’ Opinion of EMN
Many brokerage firms have already submitted their reports for EMN stocks, with UBS repeating the rating for EMN by listing it as a “Buy.” The predicted price for EMN in the upcoming period, according to UBS is $128 based on the research report published on May 23, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see EMN reach a price target of $125, previously predicting the price at $102. The rating they have provided for EMN stocks is “Buy” according to the report published on April 29th, 2024.
Redburn Atlantic gave a rating of “Buy” to EMN, setting the target price at $110 in the report published on February 15th of the current year.
EMN Trading at 6.47% from the 50-Day Moving Average
After a stumble in the market that brought EMN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.74% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +10.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.98% upper at present.
During the last 5 trading sessions, EMN fell by -5.13%, which changed the moving average for the period of 200-days by +22.00% in comparison to the 20-day moving average, which settled at $106.17. In addition, Eastman Chemical Co saw 20.16% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EMN starting from Holt Adrian James, who sale 1,975 shares at the price of $99.22 back on Jun 03 ’24. After this action, Holt Adrian James now owns 0 shares of Eastman Chemical Co, valued at $195,960 using the latest closing price.
LICH BRAD A, the EVP & CCO of Eastman Chemical Co, sale 23,028 shares at $100.51 during a trade that took place back on May 15 ’24, which means that LICH BRAD A is holding 68,793 shares at $2,314,544 based on the most recent closing price.
Stock Fundamentals for EMN
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.19 for the gross margin
The net margin for Eastman Chemical Co stands at 0.08. The total capital return value is set at 0.09. Equity return is now at value 16.19, with 5.94 for asset returns.
Based on Eastman Chemical Co (EMN), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 5.04.
Currently, EBITDA for the company is 1.59 billion with net debt to EBITDA at 3.02. When we switch over and look at the enterprise to sales, we see a ratio of 1.57. The receivables turnover for the company is 8.22for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
To put it simply, Eastman Chemical Co (EMN) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
