Huntsman (HUN) Getting Positive News Coverage, Analysis Shows
Headlines about Huntsman (NYSE:HUN) have trended positive recently, AlphaOne reports. The research group, a unit of Accern, identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Huntsman earned a media sentiment score of 0.38 on AlphaOne’s scale. AlphaOne also assigned media stories about the basic materials company an impact score of 33 out of 100, meaning that recent media coverage is unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have impacted Alpha One Sentiment’s scoring:
- (HUN) Shares Bought by Sit Investment Associates Inc (leisuretravelaid.com)
- Huntsman Co. (HUN) Upgraded to “Strong-Buy” at ValuEngine (americanbankingnews.com)
- Huntsman joins Highland Co. Veterinary Hospital – Hillsboro Times Gazette (timesgazette.com)
- Business News – June 2017 (chemengonline.com)
- Insider Buying: Huntsman Co. (HUN) CFO Buys 2,500 Shares of Stock (americanbankingnews.com)
Several brokerages have recently commented on HUN. ValuEngine upgraded Huntsman from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Jefferies Group LLC decreased their target price on Huntsman from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, May 22nd. Nomura reiterated a “buy” rating and issued a $30.00 target price on shares of Huntsman in a research report on Thursday, April 27th. Zacks Investment Research upgraded Huntsman from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, April 18th. Finally, Citigroup Inc upgraded Huntsman from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $24.54 to $28.00 in a research report on Monday, April 3rd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Huntsman presently has a consensus rating of “Buy” and an average target price of $26.67.
Shares of Huntsman (NYSE HUN) traded down 0.37% during mid-day trading on Friday, hitting $24.51. The company had a trading volume of 5,689,989 shares. The firm’s 50 day moving average is $25.01 and its 200-day moving average is $22.10. Huntsman has a 12-month low of $12.40 and a 12-month high of $28.20. The firm has a market cap of $5.88 billion, a PE ratio of 17.12 and a beta of 2.61.
Huntsman (NYSE:HUN) last issued its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.19. Huntsman had a return on equity of 25.26% and a net margin of 2.11%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Huntsman will post $2.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.125 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.04%. Huntsman’s dividend payout ratio is currently 58.82%.
In other news, insider Jon M. Huntsman sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $24.66, for a total value of $2,466,000.00. Following the sale, the insider now directly owns 598,816 shares in the company, valued at approximately $14,766,802.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sean Douglas acquired 2,500 shares of the stock in a transaction dated Wednesday, May 31st. The stock was bought at an average price of $23.74 per share, for a total transaction of $59,350.00. Following the completion of the purchase, the chief financial officer now owns 66,996 shares in the company, valued at approximately $1,590,485.04. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 250,197 shares of company stock worth $6,268,457. Corporate insiders own 19.68% of the company’s stock.
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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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