Huntsman (NYSE:HUN) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Several other equities analysts also recently weighed in on the stock. J P Morgan Chase & Co began coverage on shares of Huntsman in a report on Wednesday. They set an “overweight” rating and a $36.00 price target on the stock. Goldman Sachs Group reissued a “hold” rating and issued a $36.00 target price on shares of Huntsman in a report on Monday, December 4th. Alembic Global Advisors reissued a “buy” rating on shares of Huntsman in a report on Monday, November 6th. UBS boosted their target price on shares of Huntsman from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Nomura boosted their target price on shares of Huntsman to $40.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Huntsman has a consensus rating of “Buy” and a consensus target price of $33.00.

Huntsman (NYSE HUN) traded up $0.76 on Friday, hitting $31.70. 2,981,696 shares of the company were exchanged, compared to its average volume of 3,674,057. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. The stock has a market capitalization of $7,629.86, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 1.46 and a beta of 2.85. Huntsman has a one year low of $18.93 and a one year high of $32.59.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.17. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. research analysts predict that Huntsman will post 2.72 EPS for the current fiscal year.

In other news, major shareholder Corp Huntsman sold 21,764,800 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $21.66, for a total transaction of $471,425,568.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $13,517,129.34. Following the sale, the vice president now directly owns 925,271 shares of the company’s stock, valued at $29,183,047.34. The disclosure for this sale can be found here. Insiders have sold 23,061,783 shares of company stock worth $512,316,794 in the last quarter. Company insiders own 19.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HUN. Bronfman E.L. Rothschild L.P. lifted its stake in Huntsman by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 24 shares during the period. Synovus Financial Corp lifted its stake in Huntsman by 0.7% in the second quarter. Synovus Financial Corp now owns 8,979 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 62 shares during the period. PNC Financial Services Group Inc. lifted its stake in Huntsman by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 28,889 shares of the basic materials company’s stock worth $746,000 after acquiring an additional 192 shares during the period. Acrospire Investment Management LLC lifted its stake in Huntsman by 2.5% in the second quarter. Acrospire Investment Management LLC now owns 8,208 shares of the basic materials company’s stock worth $212,000 after acquiring an additional 200 shares during the period. Finally, State of Wisconsin Investment Board lifted its stake in Huntsman by 1.3% in the second quarter. State of Wisconsin Investment Board now owns 40,029 shares of the basic materials company’s stock worth $1,034,000 after acquiring an additional 510 shares during the period. 75.47% of the stock is owned by hedge funds and other institutional investors.

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Huntsman 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.

Analyst Recommendations for Huntsman (NYSE:HUN)

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