Eastman Chemical Co (EMN) Stock AnalysisEMNEastman Chemical Co

Eastman Chemical Company is a global specialty materials company that produces a range of products found in items people use every day. Its segments include Advanced Materials (AM), Additives & Functional Products (AFP), Chemical Intermediates (CI), and Fibers. The AM segment produces and markets polymers, films, and plastics with differentiated performance properties for value-added end-uses in transportation; durables and electronics; building and construction; medical and pharma, and consumables end-markets. AFP segment manufactures materials for products in food, feed, and agriculture; transportation; water treatment and energy; personal care and wellness; building and construction; consumables, and durables and electronics end-markets. The CI segment sells intermediates for end-markets, such as industrial chemicals and processing, building and construction, health and wellness, and food and feed. Its Fibers segment manufactures and sells acetate tow and triacetin plasticizers. It operates in the Basic Materials sector (PLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTO industry).

Eastman Chemical Co is currently trading at $62.33, which is below several analyst price targets, including $72 from Barclays and $77 from UBS. However, the stock has an RSI of 35.985, indicating it is in oversold territory, which could suggest a potential rebound. The forward P/E ratio is 9.20, suggesting it may be undervalued compared to its earnings potential. The main risk is the recent trend of declining revenues, with a 5-day change of -0.57% and a 20-day change of -5.11%. Therefore, while there are positive indicators, the stock's current performance suggests a hold rather than a buy at this time.

18 analysts cover EMN: 11 rate it Buy, 7 Hold and 0 Sell. The average price target is 74.40.