Eastman Chemical Stock Fair Value Calculator – UBS Downgrades Eastman Chemical Co Rating
December 18, 2023
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UBS recently downgraded Eastman Chemical ($NYSE:EMN) Co’s rating according to the Knox Daily. Eastman Chemical Co is a multinational chemical company based in Kingsport, Tennessee. It produces a variety of chemical products, including specialty polymers, adhesives, and plastics used in a wide array of industries. The company also produces performance fibers, specialty chemicals, advanced materials, and industrial intermediates. Eastman Chemical Co is traded on the New York Stock Exchange (NYSE) under the symbol EMN. The downgrade from UBS affects Eastman Chemical Co’s stock rating, as the rating now stands at “Neutral” from its previous “Buy” rating.
This news has caused some bearish sentiment in the markets, as investors are now taking a more cautious stance in regards to the stock. It is unclear what implications this downgrade will have on the stock price going forward. Investors will want to monitor the situation closely and take note of any further developments regarding the downgrade. Despite the downgrade, Eastman Chemical Co remains a strong company with a long history of success. It is still a good option for many investors and could be a great opportunity for those looking to diversify their portfolios.
Share Price
On Wednesday, UBS downgraded the rating of Eastman Chemical Co from “buy” to “neutral”, which resulted in a slight decrease of its shares. Eastman Chemical Co opened at $84.4 and closed at $83.6, a 0.1% increase from the previous closing price of $83.6. Despite the downgrade, investors remain optimistic about the company’s long-term prospects. The downgrade comes at a time when Eastman Chemical Co is in the midst of a transformation to become a more innovative, sustainable and competitive player in the global market.
Despite the downgrade, the company is making progress in developing new products, expanding its global reach and increasing its operational efficiency, which suggests a favorable outlook for the future. Although the downgrade has had a slightly negative effect on Eastman Chemical Co’s stock price, investors remain largely positive about the company’s future prospects. The company’s ability to remain competitive and generate value for shareholders over the long-term should ensure continued success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eastman Chemical. More…
| Total Revenues | Net Income | Net Margin |
| 9.38k | 585 | 7.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eastman Chemical. More…
| Operations | Investing | Financing |
| 1.38k | -886 | -518 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eastman Chemical. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.59k | 9.17k | 45.16 |
Key Ratios Snapshot
Some of the financial key ratios for Eastman Chemical are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.4% | -1.3% | 9.7% |
| FCF Margin | ROE | ROA |
| 5.5% | 10.7% | 3.9% |
Analysis – Eastman Chemical Stock Fair Value Calculator
At GoodWhale, we recently conducted an analysis of EASTMAN CHEMICAL’s wellbeing. Using our proprietary Valuation Line, we were able to calculate that the intrinsic value of EASTMAN CHEMICAL’s shares is around $75.7. Currently, the stock is being traded at $83.6, making it a fair price that is overvalued by 10.4%. More…
Peers
Eastman Chemical Co is one of the world’s leading producers of chemicals and related products, with manufacturing facilities in over 30 countries. Its main competitors are Indo Amines Ltd, Deepak Nitrite Ltd, and TECIL Chemicals & Hydro Power Ltd.
– Indo Amines Ltd ($BSE:524648)
Indo Amines Ltd is a publicly traded company with a market capitalization of 8.96 billion as of 2022. The company has a return on equity of 16.75%. Indo Amines Ltd is engaged in the business of manufacturing and selling amino acids and their derivatives. The company’s products are used in a variety of industries, including pharmaceuticals, animal feed, food and beverages, and agriculture.
– Deepak Nitrite Ltd ($BSE:506401)
Deepak Nitrite Ltd is an Indian company that manufactures and sells chemicals. The company has a market cap of 305.73B as of 2022 and a Return on Equity of 25.76%. Deepak Nitrite Ltd is a publicly traded company listed on the Bombay Stock Exchange. The company has a diversified product portfolio and manufactures a wide range of chemicals including inorganic and organic chemicals, pigments, and dyes.
Summary
Eastman Chemical Co recently received downgrades from UBS, with an overall negative outlook. Analysts cite several factors influencing their judgement, including weakening demand for some of the company’s products, exposure to volatile commodity markets, and uncertain impacts from ongoing trade tensions. Investors should exercise caution when evaluating the stock in the near term, as Eastman’s financial performance could be subject to further downward pressure.
When assessing the company’s long-term prospects, investors should consider a variety of factors including management’s strategy, competitive position in the market, and the sustainability of its operations. Furthermore, investors should pay special attention to the company’s dividend yield and financial strength, and use these metrics to assess the stability of the company in light of ongoing challenges.
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