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How to Buy Eastman Chemical Co Stock

Eastman Chemical Co

Eastman Chemical Co is a specialty 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 $99.51, down 2.98% from the previous day, and has increased 21.4% in one year. It has overperformed other stocks in the Specialty Chemicals industry by 0.14 percentage points. Eastman Chemical Co stock is currently +44.45% from its 52-week low of $68.89, and -6.1% from its 52-week high of $105.98.

There are currently 117.65M EMN shares outstanding. The market value of EMN is $11.71B. In the past 24 hours, 744,937 EMN shares were traded.

How to Buy Eastman Chemical Co Stock

Not sure how to invest in Eastman Chemical Co stock? Here's how.
  1. 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.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit money your brokerage account: Choose your payment method and add your details.
  4. 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).
  5. 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.
  6. 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.

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Step 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.

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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.

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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 Price
$99.51
1w %
-3.67%
1y %
21.4%
5y %
38.04%
P/E
12.76x
P/B
2.11x
P/S
1.29x
PEG
1.8x
Revenue
$9.11B
Earnings
$925.00M
Fore. Rev. Growth
4.6%
Fore. Earn. Growth
7.89%
Market Cap
$11.71B
Next Earnings
Jul 25, 2024
Next Dividend
Jul 9, 2024

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 12.76x, relative to Specialty Chemicals industry P/E ratio of 32.8x
  • EMN may be undervalued based on its P/B ratio of 2.11x, relative to Specialty Chemicals industry P/B ratio of 3.32x
  • EMN could be overvalued based on its PEG ratio of 1.8x

You can do additional valuation research on EMN's stock here.

EMN Financial Health

Pros:

  • Total EMN debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the EMN balance sheet.
  • EMN earnings of $1.32B is not enough to cover its interest payments.
  • EMN's operating cash flow of $1.36B allows it to safely service it's debt of $5.08B.
  • EMN profit margin has gone up from 6.7% to 10.2% in the past year.

Cons:

  • EMN has a relatively high debt to equity ratio of 1.65.
  • There are more long-term liabilities than short-term assets on the EMN balance sheet.

Is EMN stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 12 Equities analysts who give forecasts on EMN, the consensus analyst rating on Eastman Chemical Co is a Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

Latest EMN Analyst Forecasts

Steve Byrne, a bottom 9% analyst from Bank of America maintains EMN with a strong buy rating and lowers their EMN price target from $113.00 to $112.00, on Apr 29, 2024.

John Roberts, a top 5% analyst from Mizuho maintains EMN with a hold rating and raises their EMN price target from $91.00 to $102.00, on Apr 26, 2024.

Michael Sison, a bottom 14% analyst from Wells Fargo maintains EMN with a hold rating and raises their EMN price target from $89.00 to $100.00, on Apr 11, 2024.

Patrick Cunningham, a top 25% analyst from Citigroup maintains EMN with a strong buy rating and raises their EMN price target from $95.00 to $114.00, on Apr 10, 2024.

Aleksey Yefremov, a top 25% analyst from KeyBanc maintains EMN with a strong buy rating and raises their EMN price target from $101.00 to $121.00, on Apr 9, 2024.

KeyBanc's Aleksey Yefremov raised their price target on Eastman Chemical Co (NYSE: EMN) by 19.8% from $101 to $121 on 2024/04/09. The analyst maintained their Strong Buy rating on the stock.

Ahead of the 2024/04/25 release of Eastman Chemical's Q1 2024 earnings, Yefremov reported that KeyBanc "remains constructive on the Agricultural Inputs sector in view of the potential for cyclical upside and favorable energy markets."

However, following the recent rally, the analyst recommended a "more selective approach near-term" when picking names among the group.

Looking ahead, the analyst said that KeyBanc cautions that "the upcoming earnings season is unlikely to be the positive catalyst the bulls are looking for," but the firm remains optimistic about 2H 2024 and FY 2025.

You can dive deeper into what analysts are saying on the Eastman Chemical Co stock forecast page.

EMN Momentum

SMA10
101.15
SMA20
100.62
SMA50
99.25
SMA100
94.16
SMA200
87.47
MACD
0.87
MACD Signal
0.85
MACD Histogram
0.03
RSI
47.09
Stochastic %K
55.27
Stochastic %D
74.27
StochRSI %K
62.45
StochRSI %D
83.99

EMN Growth Numbers

Last year, EMN earnings were $925.00M. In the last five year, EMN's earnings have gone up by 1.84% per year. This was slower than the Specialty Chemicals industry average of 3.42%.

Last year, EMN revenue was $9.11B. During the past five year, EMN's revenue has increased by -1.7% per year. This was slower than the Specialty Chemicals industry average of 7%.

Find out more about EMN's earnings and revenue performance here.

Who is buying/selling EMN?

Over the last year, insiders at EMN have sold more shares than they have bought.

Adrian James Holt, SVP Chf HR Ofcr of EMN, was the latest EMN insider to sell. They sold $195,959.50 worth of EMN shares on Jun 3, 2024.

Get more info about who owns EMN stock here.

Does EMN provide a stable income stream?

Eastman Chemical Co pays a dividend of 2.42%, compared to the Specialty Chemicals industry's average dividend yield of 2.08%. If you owned $1,000 worth of EMN stock, you would have received $24.22 in the past year.

Eastman Chemical Co dividend payments have consistently grown over the past decade and have remained stable.

Dig into more data about Eastman Chemical Co dividend yield and history here.

EMN Social Trading Data

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Place your EMN trade

There are two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually sufficient.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a particular price limit, place a limit order.

Press the Open Trade button and your broker will place the order.

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Open eToro Account

Step 6: Get the latest news on your investment in EMN

Now that you own some EMN stock, you'll want to keep up with your stock purchase.

Make a watchlist to get the latest updates about your EMN stock.

EMN Feed

How to Buy Stock in Eastman Chemical Co

To summarize, here are the 6 steps you need to take to buy Eastman Chemical Co stock right now:

  1. Choose where to buy Eastman Chemical Co stock
  2. Create your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Eastman Chemical Co stock
  5. Place your EMN trade
  6. Get the latest news on your investment in EMN

If you require a place to buy stocks, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your investment in Eastman Chemical Co, click below.

NYSE: EMN
$99.51-3.06 (-2.98%)
Updated Jun 14, 2024
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NYSE: EMN
$99.51-3.06 (-2.98%)
Updated Jun 14, 2024
Open eToro Account

FAQ

How much does it cost to buy one Eastman Chemical Co share?

As of Jun 14, 2024, it costs $99.51 to buy one share of Eastman Chemical Co stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.1 shares of EMN.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Eastman Chemical Co stock?

According to 12 Wall Street analysts who monitor Eastman Chemical Co, their consensus recommendation is to buy Eastman Chemical Co stock.

What is the best way to buy Eastman Chemical Co stock?

One way to place an order for Eastman Chemical Co stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.