How to Buy Eastman Chemical Co Stock
Eastman Chemical Co
Eastman Chemical Co is a chemical company located in Tennessee, United States, which is part of the Basic Materials sector, and is traded under the ticker EMN on the NYSE exchange.
Eastman Chemical Co stock last closed at $79.58, up 1.08% from the previous day, and has decreased 28.07% in one year. It has underperformed other stocks in the Chemicals industry by 0.14 percentage points. Eastman Chemical Co stock is currently +13.83% from its 52-week low of $69.91, and -30.78% from its 52-week high of $114.97.
There are currently 118.8M EMN shares outstanding. The market value of EMN is $9.45B. In the past 24 hours, 582,362 EMN shares were traded.
How to Buy Eastman Chemical Co Stock
Not sure how to invest in Eastman Chemical Co stock? Here's how.
- Choose where to buy Eastman Chemical Co stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Eastman Chemical Co stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your payment method and add your details.
- Analyze Eastman Chemical Co stock: The Eastman Chemical Co ticker symbol is EMN. Is Eastman Chemical Co stock a good investment? Should you buy shares of EMN? How do EMN's underlying business fundamentals look? Do top analysts think Eastman Chemical Co is a good buy? Why has EMN's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if EMN is a good stock to buy).
- Place your EMN trade: Decide if you will purchase EMN shares at the current market price or use a limit order to purchase EMN shares at a particular price.
- Get the latest news on your investment in EMN: Create a watchlist to watch your new investment in Eastman Chemical Co stock.
Step 1: Choose where to buy Eastman Chemical Co stock
You will need a brokerage account to access the NYSE market and buy EMN stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal details so you are able to invest in EMN stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Input your personal info to start a new trading account.
- Send your info by clicking the "Create Account" button.
Step 3: Deposit money your brokerage account
Now that you've created your account on the stocks app, you need to deposit funds:
Watch this video walkthrough if you need help depositing money into your brokerage account.
Step 4: Analyze Eastman Chemical Co stock
Once you have chosen the best place to buy Eastman Chemical Co stock, it's absolutely critical to research their stock prior to investing, so you truly comprehend the risk and upside.
Eastman Chemical Co Metrics
EMN Due Diligence Checks
WallStreetZen was designed to help average investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on EMN's stock page.
How is EMN stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge EMN's fair value.
Using relative valuations measures:
- EMN could be undervalued based on its P/E ratio of 12.4x, relative to Chemicals industry P/E ratio of 27.12x
- EMN may be undervalued based on its P/B ratio of 1.83x, relative to Chemicals industry P/B ratio of 2.08x
You can access more valuation analysis on EMN's stock here.
How do EMN Financials look?
Pros:
- There are more short-term assets than short-term liabilities on the EMN balance sheet.
- Total EMN debt is lower than 5 years ago, relative to shareholder equity.
- EMN earnings of $1.16B is not enough to cover its interest payments.
Cons:
- EMN's operating cash flow of $975.00M allows it to safely service it's debt of $5.15B.
- EMN has a relatively high debt to equity ratio of 1.83.
- EMN profit margin has gone down from 8.2% to 7.5% in the past year.
- There are more long-term liabilities than short-term assets on the EMN balance sheet.
Is Eastman Chemical Co stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 14 Equities analysts who give forecasts on EMN, the consensus analyst rating on Eastman Chemical Co is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest EMN Analyst Forecasts
Kevin McCarthy, a top 29% analyst from Vertical Research downgrades EMN to a hold rating and lowers their EMN price target from $94.00 to $92.00, on Jan 30, 2023.
Kieran de Brun, a bottom 42% analyst from Mizuho maintains EMN with a hold rating and lowers their EMN price target from $85.00 to $82.00, on Jan 30, 2023.
Michael Leithead, a bottom 8% analyst from Barclays maintains EMN with a hold rating and raises their EMN price target from $82.00 to $87.00, on Jan 30, 2023.
Michael Sison, a bottom 22% analyst from Wells Fargo maintains EMN with a hold rating and raises their EMN price target from $80.00 to $95.00, on Jan 30, 2023.
Ben Isaacson, a top 19% analyst from ScotiaBank downgrades EMN to a hold rating and lowers their EMN price target from $100.00 to $90.00, on Jan 30, 2023.
You can dig deeper into what analysts are forecasting on the Eastman Chemical Co stock forecast page.
EMN Momentum
EMN Performance Numbers
Last year, EMN earnings were $793.00M. Over the past five year, EMN's earnings have increased by -7.65% per year. This was slower than the Chemicals industry average of 21.5%.
Last year, EMN revenue was $10.58B. Over the last 5 year, EMN's revenue has increased by 2.07% per year. This was slower than the Chemicals industry average of 6.29%.
You can research EMN's earnings and revenue performance here.
Who is buying/selling EMN?
Over the last year, executives and large shareholders at EMN have sold more shares than they have bought.
Michelle Renee Stewart, Controller CAO of EMN, was the latest EMN insider to sell. They sold $15,762.00 worth of EMN stock on Feb 28, 2023.
Dig into more about who owns EMN shares here.
Does EMN stock generate passive income?
Eastman Chemical Co pays a dividend of 3.9%, compared to the Chemicals industry's average dividend yield of 4.14%. If you owned $1,000 worth of EMN stock, you would have been paid $38.95 last year.
Eastman Chemical Co dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Eastman Chemical Co dividend yield and history here.
Get analysis from other investors
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your EMN trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, place a limit order.
Press the Open button and your broker will execute the order.
If you require additional info about investing in stocks on eToro, click the how to video below:
Step 6: Get the latest news on your investment in EMN
Now that you own some EMN shares, you'll want to keep up with your company.
Make a watchlist to monitor your EMN stock.
EMN Feed
How to Buy Stock in Eastman Chemical Co
To summarize, here are the 6 steps to buy Eastman Chemical Co stock:
- Choose where to buy Eastman Chemical Co stock
- Create your brokerage account
- Deposit money your brokerage account
- Analyze Eastman Chemical Co stock
- Place your EMN trade
- Get the latest news on your investment in EMN
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Eastman Chemical Co, create a watchlist on WallStreetZen today.
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