Huntsman Corporation (NYSE:HUN) – KeyCorp lifted their FY2018 earnings per share (EPS) estimates for Huntsman Corporation in a research report issued on Sunday. KeyCorp analyst M. Sison now expects that the basic materials company will post earnings per share of $2.00 for the year, up from their prior forecast of $1.80. KeyCorp currently has a “Buy” rating and a $34.00 target price on the stock.

HUN has been the subject of several other reports. Zacks Investment Research upgraded shares of Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Wednesday, October 11th. Alembic Global Advisors reissued a “buy” rating on shares of Huntsman Corporation in a research report on Monday, October 2nd. BidaskClub raised shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. ValuEngine raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Nomura raised their price target 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. Two 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 currently has a consensus rating of “Buy” and a consensus price target of $31.55.

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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, beating the consensus estimate of $0.50 by $0.17. The company 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%. Huntsman Corporation’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share.

A number of hedge funds have recently made changes to their positions in HUN. Mckinley Capital Management LLC Delaware purchased a new stake in Huntsman Corporation in the 2nd quarter worth $106,000. Harvest Fund Management Co. Ltd purchased a new stake in Huntsman Corporation in the 2nd quarter worth $109,000. SG Americas Securities LLC purchased a new stake in Huntsman Corporation in the 1st quarter worth $122,000. Opera Trading Capital purchased a new stake in Huntsman Corporation in the 2nd quarter worth $129,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Huntsman Corporation by 0.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.

In other Huntsman Corporation news, VP J Kimo Esplin sold 428,571 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $31.54, for a total value of $13,517,129.34. Following the sale, the vice president now owns 925,271 shares in the company, valued at approximately $29,183,047.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $2,550,400.00. Following the completion of the sale, the chief executive officer now owns 442,615 shares in the company, valued at approximately $14,110,566.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 992,181 shares of company stock worth $31,413,933. Corporate insiders own 19.00% of the company’s stock.

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.

Earnings History and Estimates for Huntsman Corporation (NYSE:HUN)

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