Huntsman Corporation (NYSE:HUN)‘s stock had its “buy” rating reaffirmed by investment analysts at Alembic Global Advisors in a research report issued on Monday, November 6th.
A number of other analysts also recently issued reports on HUN. Zacks Investment Research upgraded Huntsman Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub downgraded Huntsman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. KeyCorp restated a “buy” rating and issued a $34.00 target price on shares of Huntsman Corporation in a research report on Tuesday, October 17th. Jefferies Group LLC restated a “buy” rating and issued a $31.00 target price on shares of Huntsman Corporation in a research report on Tuesday, July 25th. Finally, Wells Fargo & Company upgraded Huntsman Corporation from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $30.00 to $32.00 in a research report on Thursday, September 28th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Huntsman Corporation presently has an average rating of “Buy” and a consensus target price of $31.55.
Huntsman Corporation (HUN) traded up $0.31 during mid-day trading on Monday, reaching $30.55. The company’s stock had a trading volume of 3,660,404 shares, compared to its average volume of 5,731,907. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10. The stock has a market cap of $7,332.24, a price-to-earnings ratio of 12.78, a PEG ratio of 1.46 and a beta of 2.87. Huntsman Corporation has a 1-year low of $18.18 and a 1-year high of $32.59.
Huntsman Corporation (NYSE:HUN) last posted its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. Huntsman Corporation had a return on equity of 30.64% and a net margin of 5.37%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. sell-side analysts expect that Huntsman Corporation will post 2.61 EPS for the current fiscal year.
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In other Huntsman Corporation news, CEO Anthony P. Hankins sold 80,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $31.88, for a total value of $2,550,400.00. Following the sale, the chief executive officer now directly owns 442,615 shares of the company’s stock, valued at $14,110,566.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alvin V. Shoemaker sold 38,009 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $31.28, for a total value of $1,188,921.52. Following the completion of the sale, the director now directly owns 37,227 shares in the company, valued at $1,164,460.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,056,190 shares of company stock worth $33,429,051. 19.00% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in HUN. Mckinley Capital Management LLC Delaware bought a new stake in Huntsman Corporation in the second quarter worth $106,000. Harvest Fund Management Co. Ltd bought a new position in shares of Huntsman Corporation during the second quarter valued at $109,000. Assetmark Inc. lifted its holdings in shares of Huntsman Corporation by 1,658.4% during the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 3,748 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Huntsman Corporation during the first quarter valued at $122,000. Finally, Opera Trading Capital bought a new position in shares of Huntsman Corporation during the second quarter valued at $129,000. 74.47% of the stock is currently owned by institutional investors and hedge funds.
About Huntsman Corporation
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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