The Latest Analyst Ratings For Eastman Chemical
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings and price targets for Eastman Chemical (NYSE:EMN), with an average 12-month price target of $90.86, up from $87.83. The company faces revenue challenges with a -16.32% decline over 3 months, but has a strong net margin of 7.85% and ROE of 3.35%. Despite high debt-to-equity ratio of 0.98, its ROA of 1.21% indicates financial health. Analysts' ratings range from 'Neutral' to 'Overweight', with recent adjustments reflecting market conditions and company performance.
January 11, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Eastman Chemical's analyst ratings have been updated, with a new average price target of $90.86. The company's financials show a mix of challenges and strengths, including a significant revenue decline but strong profitability metrics.
The updated analyst ratings and price targets for EMN are likely to have a neutral short-term impact on the stock price. While the increase in the average price target is positive, the significant revenue decline may temper investor enthusiasm. The strong net margin and ROE are positives, but the high debt-to-equity ratio could raise concerns about financial leverage. Overall, the mixed financial indicators suggest that the impact of the analyst updates on the stock price will be balanced.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100