Huntsman Corporation (NYSE:HUN)‘s stock had its “buy” rating reaffirmed by KeyCorp in a research report issued to clients and investors on Tuesday, October 17th. They presently have a $34.00 price target on the basic materials company’s stock. KeyCorp’s target price would suggest a potential upside of 9.71% from the stock’s current price.
A number of other equities research analysts have also weighed in on the stock. ValuEngine upgraded shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, October 11th. Nomura increased their target price on shares of Huntsman Corporation from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $29.00 target price on shares of Huntsman Corporation in a research report on Friday, July 14th. Finally, BidaskClub raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.55.
Huntsman Corporation (HUN) traded down $0.73 during mid-day trading on Tuesday, reaching $30.99. The company had a trading volume of 5,552,555 shares, compared to its average volume of 4,460,000. The company has a market cap of $7,440.00, a PE ratio of 13.27, a PEG ratio of 1.52 and a beta of 2.87. Huntsman Corporation has a fifty-two week low of $16.65 and a fifty-two week high of $32.59. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52.
Huntsman Corporation (NYSE:HUN) last released its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.17. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. analysts predict that Huntsman Corporation will post 2.61 EPS for the current year.
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In other news, CEO Anthony P. Hankins sold 80,000 shares of Huntsman Corporation stock in a transaction dated Tuesday, October 31st. The shares were 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 owns 442,615 shares of the company’s stock, valued at $14,110,566.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Jon M. Huntsman sold 383,610 shares of Huntsman Corporation stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $31.58, for a total transaction of $12,114,403.80. Following the completion of the sale, the chairman now directly owns 115,206 shares in the company, valued at approximately $3,638,205.48. The disclosure for this sale can be found here. Insiders have sold a total of 992,181 shares of company stock worth $31,413,933 over the last three months. 19.00% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Huntsman Corporation in the second quarter valued at about $106,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Huntsman Corporation in the second quarter valued at about $109,000. SG Americas Securities LLC purchased a new stake in shares of Huntsman Corporation in the first quarter valued at about $122,000. Opera Trading Capital purchased a new stake in shares of Huntsman Corporation in the second quarter valued at about $129,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Huntsman Corporation by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 24 shares in the last quarter. 74.31% 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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