Huntsman Corporation (HUN) Earns “Buy” Rating from Instinet
Instinet reaffirmed their buy rating on shares of Huntsman Corporation (NYSE:HUN) in a research report report published on Wednesday. The brokerage currently has a $34.00 price objective on the basic materials company’s stock, up from their prior price objective of $30.00.
Other research analysts also recently issued reports about the stock. Alembic Global Advisors set a $28.00 target price on shares of Huntsman Corporation and gave the company a buy rating in a research report on Thursday, July 27th. Jefferies Group LLC reissued a buy rating and set a $31.00 target price on shares of Huntsman Corporation in a research report on Tuesday, July 25th. BidaskClub downgraded shares of Huntsman Corporation from a strong-buy rating to a buy rating in a research report on Monday, July 24th. KeyCorp reissued a buy rating and set a $34.00 target price on shares of Huntsman Corporation in a research report on Friday, September 1st. Finally, UBS AG increased their target price on shares of Huntsman Corporation from $31.00 to $32.00 and gave the company a buy rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Huntsman Corporation has a consensus rating of Buy and a consensus target price of $30.33.
Huntsman Corporation (NYSE HUN) opened at 27.32 on Wednesday. The stock has a 50 day moving average price of $26.42 and a 200-day moving average price of $25.20. The firm has a market capitalization of $6.56 billion, a PE ratio of 15.49 and a beta of 2.79. Huntsman Corporation has a one year low of $14.75 and a one year high of $28.67.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings data 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. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Huntsman Corporation will post $2.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.83%. The ex-dividend date is Thursday, September 14th. Huntsman Corporation’s dividend payout ratio is presently 28.41%.
In other news, VP Randy W. Wright sold 56,675 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the sale, the vice president now owns 66,023 shares in the company, valued at approximately $1,700,752.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Randy W. Wright sold 32,962 shares of the firm’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 sale, the vice president now owns 69,148 shares in the company, valued at approximately $1,780,561. The disclosure for this sale can be found here. Company insiders own 19.00% of the company’s stock.
A number of large investors have recently modified their holdings of HUN. Mckinley Capital Management LLC Delaware purchased a new position in Huntsman Corporation in the 2nd quarter worth $106,000. Harvest Fund Management Co. Ltd purchased a new position in Huntsman Corporation in the 2nd quarter worth $109,000. SG Americas Securities LLC purchased a new position in Huntsman Corporation in the 1st quarter worth $122,000. Opera Trading Capital purchased a new position in Huntsman Corporation in the 2nd quarter worth $129,000. Finally, Bronfman E.L. Rothschild L.P. raised its position 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 during the period. Institutional investors own 75.10% 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.
Receive News & Ratings for Huntsman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.