EMN stock: buy or sell?

EMN stock price: $72.34 -0.04% At close on September 20th, 2019

Updated on:
September 20th, 2019

2

Shares of Eastman Chemical stayed stable a tight -0.04% and closed at $72.34.

Eastman Chemical Company manufactures and sells materials, specialty additives, chemicals, and fibers in the United States and internationally.

Should I buy EMN stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Eastman Chemical stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Eastman Chemical stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 9 ratings published for EMN stock in the last 30 days.

The general sentiment of these ratings is bullish for EMN stock, with 5 positive ratings.
Is EMN a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-5CowenMarket PerformMarket Perform
2019-8-15Tudor PickeringHoldBuy
2019-7-29Nomuran/aBuy
2019-7-29JPMorgan Chase & Co.OverweightNeutral
2019-4-26UBS Groupn/aBuy
2019-4-12KeyCorpn/aOverweight
2019-2-6CowenOutperformMarket Perform
2019-1-31Standpoint ResearchBuyHold
2019-1-17Morgan StanleyEqual WeightOverweight

EMN stock analysis

Daily outlook

Eastman Chemical shares stayed steady -0.04% to $72.34 today.

Shares of Eastman Chemical stayed steady a tight -0.04% and closed at $72.34. In the last 3 days when EMN stock price broke down the SMA200d line, it slid $-1.95 per share (-2.62%). EMN is retaking the upward trend marking a new rising bottom heading to break out over $75.99.

EMN stock chart (daily)

Weekly outlook

After boosting an astounding 10.59% in a week last week, Eastman Chemical closed this week at $72.34 and fell a shocking -4.15%. By mid August EMN collapsed a frightening -5.92% in just one week.

Eastman Chemical is in a clear downtrend, marking successive declining tops and bottoms. Now is trading in between the - range. There is an opportunity to rebound and reverse this situation if price can hold above the level. This week, Eastman Chemical stock dived below the significant level of the 40-weeks moving average. Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.

EMN stock chart (weekly)

EMN stock price history

EMN stock went public on December 14th, 1993 with a price of $4.861. Since then, EMN stock grew a 1,388.50%, with a yearly average of 55.50%. If you had invested right after EMN's IPO a $1,000 in EMN stock in 1993, it would worth $13,885.00 today.

1: Adjusted price after possible price splits or reverse-splits.

EMN stock historical price chart

EMN stock reached 52-week highs at $97.25, and all-time highs 2018-03-13 with a price of 107.06.

EMN stock price target is $87.40

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 7 price predictions for EMN stock posted in the last month:
EMN stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-5CowenReiterates$83.00$77.00-7.2%
2019-7-29NomuraLowers Target$88.00$85.00-3.4%
2019-7-29JPMorgan Chase & Co.Downgrades$88.00$80.00-9.1%
2019-4-26UBS GroupSet Price Targetn/a$98.00-
2019-4-12KeyCorpLowers Target$95.00$94.00-1.1%
2019-2-6CowenDowngrades$94.00$88.00-6.4%
2019-1-17Morgan StanleyUpgradesn/a$90.00-
(in average)$89.60$87.40-2.0%
The price target for Eastman Chemical stock is $87.40, moving in a range between $98.00 and $77.00.

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on April, Eastman Chemical . As soon as we get its posted EPS from the earnings report, we will update this report.
EMN earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.99n/a
2017-Q32017-10-262.032.197.9%
2017-Q42018-02-011.061.6252.8%
2018-Q12018-04-262.112.235.7%
2018-Q22018-07-262.22.220.9%
2018-Q32018-10-252.292.342.2%
2018-Q42019-01-311.61.39-13.1%
2019-Q12019-04-241.9n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Eastman Chemical annual sales rose a remarkable 6.30% to $10,151.00 M USD from $9,549.00 marked in 2017. Nevertheless, its earnings margin (compared to sales) slightly fell to 10.64%, that is $1,080.00 million.

To have an updated picture of the financial situation of Eastman Chemical, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Eastman Chemical TTM sales up to March 2019 were $9,924.00 and income was $999.00 million dollars. If we compare this TTM figures with the last reported annuality, we can review Eastman Chemical business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, declined a lame -2.24%. However, profit margin (net income/revenues) stayed stable at 10.64%.

EMN annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$9,360 M-$1,170 M12.5%-
2014$9,527 M1.78%$751 M7.9%-35.81%
2015$9,648 M1.27%$848 M8.8%12.92%
2016$9,008 M-6.63%$854 M9.5%0.71%
2017$9,549 M6.01%$1,384 M14.5%62.06%
2018$10,151 M6.30%$1,080 M10.6%-21.97%
TTM $9,924 M-2.24%$999 M10.1%-7.50%

Quarterly financial results

Eastman Chemical reported $2,380.00 M in revenues for 2019-Q1, a 0.17% improvement compared to previous quarter. Reported quarter income marked $209.00 M with a profit margin of 8.78%. Profit margin jumped a 7.35% compared to previous quarter when profit margin was 1.43%. When comparing turnover to same quarter last year, Eastman Chemical sales marked a godawful loss and eased a -8.71%.
EMN quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$2,410 M-$292 M12.1%-
2017-Q3$2,460 M2.07%$323 M13.1%10.62%
2017-Q4$2,362 M-3.98%$491 M20.8%52.01%
2018-Q1$2,607 M10.37%$290 M11.1%-40.94%
2018-Q2$2,621 M0.54%$344 M13.1%18.62%
2018-Q3$2,547 M-2.82%$412 M16.2%19.77%
2018-Q4$2,376 M-6.71%$34 M1.4%-91.75%
2019-Q1$2,380 M0.17%$209 M8.8%514.71%

Eastman Chemical ownership

When you are planning to invest in a company, it's always worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Eastman Chemical, 0.43% of all outstanding shares are owned by its staff.

Bearish positions for EMN stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related companies:

EMNASHCEFMCGRA
Market cap$9.9 B$4.7 B$15.3 B$11.8 B$4.5 B
Total shares137.0 M60.5 M123.7 M130.4 M66.7 M
Float shares136.2 M55.1 M122.9 M122.0 M56.2 M
  - Institutional holdings (%)85.6%94.8%105.7%95.4%90.6%
  - Insider holdings (%)0.4%0.4%0.6%0.8%0.9%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

EMN summary

Friday, September 20th, 2019
Open$72.54
Close$72.34
Day range$72.10 - $73.56
Previous close$72.37
Session gain-0.04%
Average true range$2.19
50d mov avg$70.37
100d mov avg$71.51
200d mov avg$74.19
Daily patternlb02a
Weekly pattern lt02a

Eastman Chemical performance

To better understand Eastman Chemical performance you must compare its gains with other related stocks in same sector or industry. For Eastman Chemical, the benchmark is made against Ashland Global, Celanese, FMC, W.R. Grace, 3M, PolyOne, Sasol, Westlake Chemical and Exxon Mobil.
Stock3m6m12m
EMNEastman Chemical-4.29%-2.10%-25.14%
ASHAshland Global-0.35%1.06%-8.96%
CECelanese17.65%27.43%8.80%
FMC 9.96%21.79%18.16%
GRAW.R. Grace-8.51%-11.94%-8.09%
MMM3M-2.88%-17.03%-20.43%
POLPolyOne11.70%16.28%-25.43%
SSLSasol-24.81%-37.11%-47.55%
WLKWestlake Chemical-0.68%0.31%-22.34%
XOMExxon Mobil-5.75%-7.97%-11.18%

Eastman Chemical competitors

We chose a few stocks to conform a list of Eastman Chemical competitors to review if you are interested in investing in EMN:

Latest EMN stock news