Huntsman Corporation (HUN) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Huntsman Corporation (NYSE:HUN) have received an average rating of “Buy” from the thirteen brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $31.90.
A number of research analysts have issued reports on the company. KeyCorp raised Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a report on Monday, July 24th. BidaskClub downgraded Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. UBS AG boosted their price target on Huntsman Corporation from $31.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Nomura boosted their price target on Huntsman Corporation from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Finally, Alembic Global Advisors reaffirmed a “buy” rating on shares of Huntsman Corporation in a research note on Monday, October 2nd.
Huntsman Corporation (NYSE HUN) traded up $0.06 during trading on Friday, hitting $31.72. The company had a trading volume of 4,149,082 shares, compared to its average volume of 5,218,401. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.31. Huntsman Corporation has a 12-month low of $16.65 and a 12-month high of $32.59. The firm has a market capitalization of $7,613.05, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.52 and a beta of 2.87.
Huntsman Corporation (NYSE:HUN) last released its earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.17. Huntsman Corporation had a return on equity of 30.64% and a net margin of 5.37%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue was up 18.5% compared to the same quarter last year. analysts expect that Huntsman Corporation will post 2.61 EPS for the current fiscal year.
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In other Huntsman Corporation news, Chairman Jon M. Huntsman sold 100,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $32.32, for a total value of $3,232,000.00. Following the sale, the chairman now owns 115,206 shares of the company’s stock, valued at approximately $3,723,457.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jon M. Huntsman sold 383,610 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $31.58, for a total value 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. In the last three months, insiders have sold 992,181 shares of company stock worth $31,413,933. 19.00% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Mckinley Capital Management LLC Delaware acquired a new stake in Huntsman Corporation in the 2nd quarter valued at about $106,000. Harvest Fund Management Co. Ltd acquired a new stake in Huntsman Corporation in the 2nd quarter valued at about $109,000. SG Americas Securities LLC acquired a new stake in Huntsman Corporation in the 1st quarter valued at about $122,000. Opera Trading Capital acquired a new stake in Huntsman Corporation in the 2nd quarter valued at about $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 valued at $139,000 after purchasing an additional 24 shares in the last quarter. 75.00% of the stock is currently owned by institutional investors.
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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