Eastman Chemical
About: Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemical company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.
Employees: 14,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
229% more call options, than puts
Call options by funds: $46.2M | Put options by funds: $14M
54% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 63
9% more capital invested
Capital invested by funds: $10.4B [Q2] → $11.3B (+$904M) [Q3]
4% more funds holding
Funds holding: 739 [Q2] → 766 (+27) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 275 | Existing positions reduced: 253
4.48% less ownership
Funds ownership: 90.59% [Q2] → 86.11% (-4.48%) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
B of A Securities Steve Byrne 55% 1-year accuracy 11 / 20 met price target | 15%upside $109 | Buy Upgraded | 14 Jan 2025 |
Piper Sandler Charles Neivert 40% 1-year accuracy 17 / 42 met price target | 8%upside $102 | Neutral Maintained | 7 Jan 2025 |
Citigroup Patrick Cunningham 41% 1-year accuracy 13 / 32 met price target | 10%upside $104 | Neutral Downgraded | 18 Dec 2024 |
Mizuho John Roberts 53% 1-year accuracy 20 / 38 met price target | 24%upside $117 | Neutral Maintained | 26 Nov 2024 |
Wells Fargo Michael Sison 10% 1-year accuracy 4 / 40 met price target | 32%upside $125 | Overweight Upgraded | 26 Nov 2024 |
Financial journalist opinion
Based on 4 articles about EMN published over the past 30 days
