Huntsman Corporation (HUN) PT Set at $28.00 by Alembic Global Advisors
Alembic Global Advisors set a $28.00 price objective on Huntsman Corporation (NYSE:HUN) in a research note issued to investors on Thursday morning. The firm currently has a buy rating on the basic materials company’s stock.
HUN has been the subject of several other reports. KeyCorp upgraded shares of Huntsman Corporation from a sector weight rating to an overweight rating and set a $34.00 target price for the company in a research report on Monday, July 24th. BidaskClub lowered shares of Huntsman Corporation from a strong-buy rating to a buy rating in a research report on Monday, July 24th. ValuEngine upgraded shares of Huntsman Corporation from a buy rating to a strong-buy rating in a research report on Saturday, June 3rd. Jefferies Group LLC reiterated a buy rating and issued a $29.00 price target on shares of Huntsman Corporation in a research report on Friday, July 14th. Finally, Instinet reiterated a buy rating and issued a $30.00 price target on shares of Huntsman Corporation in a research report on Sunday, July 9th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $28.67.
Shares of Huntsman Corporation (NYSE:HUN) opened at 26.94 on Thursday. Huntsman Corporation has a 1-year low of $14.16 and a 1-year high of $28.30. The stock has a market capitalization of $6.47 billion, a PE ratio of 15.27 and a beta of 2.81. The firm has a 50-day moving average of $25.83 and a 200 day moving average of $23.78.
Huntsman Corporation (NYSE:HUN) last announced its earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.18. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. Analysts predict that Huntsman Corporation will post $2.22 EPS for the current year.
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In other news, VP Randy W. Wright sold 32,962 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $25.75, for a total value of $848,771.50. Following the transaction, the vice president now owns 69,148 shares of the company’s stock, valued at $1,780,561. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Randy W. Wright sold 56,675 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the completion of the transaction, the vice president now directly owns 66,023 shares in the company, valued at approximately $1,700,752.48. The disclosure for this sale can be found here. Corporate insiders own 19.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Huntsman Corporation during the first quarter valued at approximately $122,000. Opera Trading Capital bought a new position in Huntsman Corporation during the second quarter valued at approximately $129,000. CIBC Asset Management Inc bought a new position in Huntsman Corporation during the second quarter valued at approximately $207,000. World Asset Management Inc bought a new position in Huntsman Corporation during the first quarter valued at approximately $241,000. Finally, Asset Management One Co. Ltd. bought a new position in Huntsman Corporation during the first quarter valued at approximately $262,000. 71.63% of the stock is currently owned by hedge funds and other institutional investors.
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.
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