Huntsman Corporation (HUN) Stock Rating Reaffirmed by KeyCorp
Huntsman Corporation (NYSE:HUN)‘s stock had its “buy” rating reaffirmed by KeyCorp in a report released on Tuesday. They presently have a $34.00 price target on the basic materials company’s stock. KeyCorp’s price target would suggest a potential upside of 17.81% from the company’s current price.
HUN has been the topic of several other research reports. Zacks Investment Research upgraded Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, October 11th. BidaskClub upgraded Huntsman Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Alembic Global Advisors restated a “buy” rating on shares of Huntsman Corporation in a report on Monday, October 2nd. ValuEngine upgraded Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Nomura increased their target price on Huntsman Corporation from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.60.
Huntsman Corporation (HUN) traded up 0.03% during midday trading on Tuesday, reaching $28.87. The company’s stock had a trading volume of 1,478,343 shares. Huntsman Corporation has a 1-year low of $15.96 and a 1-year high of $29.43. The firm has a 50 day moving average price of $27.61 and a 200 day moving average price of $25.93. The firm has a market capitalization of $6.93 billion, a PE ratio of 16.37 and a beta of 2.79.
Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Huntsman Corporation will post $2.33 EPS for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new position in shares of Huntsman Corporation during the second quarter valued at $106,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Huntsman Corporation during the second quarter valued at $109,000. SG Americas Securities LLC acquired a new position in shares of Huntsman Corporation during the first quarter valued at $122,000. Opera Trading Capital acquired a new position in shares of Huntsman Corporation during the second quarter valued at $129,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of Huntsman Corporation by 0.4% during 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 during the period. 75.11% 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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