Eastman Chemical Company Stock Forecast:
According to the forecasts of 17 analysts, the average target price for Eastman Chemical Company stock over the next 12 months is USD 93.19. The average analyst rating for the company is “Buy.” However, Stock Target Advisor’s own analysis suggests a slightly bearish outlook for Eastman Chemical Company, based on 4 positive signals and 6 negative signals.
As of the last closing, Eastman Chemical Company’s stock price was USD 81.31. Over the past week, the stock price has decreased by -1.38%, over the past month by -3.51%, and over the last year by -25.83%.
Analysts Coverage Change:
Scotia Capital maintained a “Sector Perform” rating and raised the target price to $95 from $90 on the companies stock.
About Eastman Chemical Company:
Eastman Chemical Company is a specialty materials company that operates globally, providing a wide range of products and solutions to various industries. The company is organized into four main segments: Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers.
The Additives & Functional Products segment of Eastman Chemical Company offers a diverse portfolio of products. This includes hydrocarbon resins, which are used in adhesives, coatings, and inks. They also provide organic acid-based solutions, amine derivative-based building blocks, and plant growth regulators for the agriculture industry. Additionally, the segment offers specialty solvents, paint additives, and polymers for applications in transportation, personal care, food, and electronics.
The Advanced Materials segment focuses on developing and manufacturing value-added materials for various industries. This includes copolyesters, which are used in automotive interiors, consumer electronics, and medical devices. They also produce cellulose esters, biopolymers, and window films for applications in transportation, construction, and consumables markets.
In the Chemical Intermediates segment, Eastman Chemical Company produces a range of chemicals and solvents. This includes methylamines and salts, ethylene, and acetyl derivatives. These products find applications in industrial chemicals, construction materials, health and wellness products, and agrochemicals.
The Fibers segment of Eastman Chemical Company specializes in providing materials for filtration media, acetate yarns for consumables and health markets, and nonwoven media and papers for transportation, industrial, agriculture, and aerospace industries. Their cellulose acetate tow is primarily used in cigarette filters.
Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee. Over the years, it has expanded its operations globally and serves a wide range of markets, including transportation, personal care, food, construction, and electronics.
