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Why Eastman Chemical (EMN) is a Top Value Stock for the Long-Term

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.

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Eastman Chemical (EMN)

Eastman Chemical Company, based in Kingsport, TN, manufactures and sells chemicals, plastics and fibers. The company has 16 manufacturing sites in the United States, Europe and Asia-Pacific, supplying products throughout the world.

EMN boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Eastman Chemical are trading at a forward earnings multiple of 12.8X, as well as a PEG Ratio of 1.1, a Price/Cash Flow ratio of 9.2X, and a Price/Sales ratio of 1.3X.

Many value investors pay close attention to a company's earnings as well. For EMN, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $7.75 per share for 2024. Per share EMN boasts an average earnings surprise of 5%.

Investors should take the time to consider EMN for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.

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Eastman Chemical Company (EMN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research