Huntsman Corporation (NYSE:HUN) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday, September 1st.
Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of Huntsman Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $29.00 target price on shares of Huntsman Corporation in a report on Friday, July 14th. BidaskClub upgraded shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. KeyCorp upgraded shares of Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a report on Monday, July 24th. Finally, Alembic Global Advisors set a $28.00 target price on shares of Huntsman Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.00.
Huntsman Corporation (NYSE:HUN) opened at 27.82 on Friday. The company has a market cap of $6.68 billion, a P/E ratio of 15.77 and a beta of 2.79. Huntsman Corporation has a 52 week low of $14.49 and a 52 week high of $28.30. The firm has a 50-day moving average price of $26.33 and a 200-day moving average price of $25.09.
Huntsman Corporation (NYSE:HUN) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.18. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. Equities research analysts anticipate that Huntsman Corporation will post $2.25 EPS for the current fiscal year.
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In related news, VP Randy W. Wright sold 56,675 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $25.76, for a total value of $1,459,948.00. Following the completion of the sale, the vice president now directly owns 66,023 shares of the company’s stock, valued at $1,700,752.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Randy W. Wright sold 32,962 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $25.75, for a total transaction of $848,771.50. Following the completion of the sale, the vice president now directly owns 69,148 shares of the company’s stock, valued at $1,780,561. The disclosure for this sale can be found here. Insiders own 19.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. AXA lifted its position in Huntsman Corporation by 33.9% in the first quarter. AXA now owns 296,100 shares of the basic materials company’s stock valued at $7,266,000 after acquiring an additional 75,000 shares during the last quarter. DSAM Partners London Ltd purchased a new stake in shares of Huntsman Corporation in the second quarter valued at about $2,128,000. Chicago Equity Partners LLC raised its holdings in shares of Huntsman Corporation by 1,462.7% in the second quarter. Chicago Equity Partners LLC now owns 443,035 shares of the basic materials company’s stock valued at $11,448,000 after buying an additional 414,685 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Huntsman Corporation by 0.6% in the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock valued at $432,000 after buying an additional 100 shares during the last quarter. Finally, CIBC World Markets Inc. raised its holdings in shares of Huntsman Corporation by 133.4% in the second quarter. CIBC World Markets Inc. now owns 708,530 shares of the basic materials company’s stock valued at $18,308,000 after buying an additional 404,905 shares during the last quarter. 75.89% of the stock is owned by hedge funds and other institutional investors.
Huntsman Corporation Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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