Huntsman (HUN) Now Covered by Morgan Stanley
Equities researchers at Morgan Stanley initiated coverage on shares of Huntsman (NYSE:HUN) in a research report issued on Tuesday, MarketBeat.com reports. The firm set an “equal weight” rating and a $30.00 price target on the basic materials company’s stock. Morgan Stanley’s target price suggests a potential upside of 8.54% from the company’s current price.
Several other research firms have also recently weighed in on HUN. Zacks Investment Research cut Huntsman from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $38.00 target price on shares of Huntsman in a research note on Wednesday, August 1st. Seaport Global Securities began coverage on Huntsman in a research note on Friday, August 24th. They set a “buy” rating on the stock. MED reiterated a “buy” rating on shares of Huntsman in a report on Monday, September 17th. Finally, UBS Group lifted their price target on Huntsman from $41.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, May 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Huntsman has an average rating of “Buy” and an average target price of $37.15.
NYSE:HUN opened at $27.64 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 1.93. Huntsman has a fifty-two week low of $26.70 and a fifty-two week high of $36.09. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 0.94 and a beta of 2.73.
Several institutional investors have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Huntsman by 9.0% during the 2nd quarter. Northern Trust Corp now owns 1,380,262 shares of the basic materials company’s stock valued at $40,304,000 after buying an additional 114,187 shares during the last quarter. FMR LLC lifted its holdings in Huntsman by 54.4% in the 2nd quarter. FMR LLC now owns 3,517,861 shares of the basic materials company’s stock worth $102,722,000 after purchasing an additional 1,239,240 shares during the last quarter. Strategic Wealth Partners Ltd. acquired a new stake in Huntsman in the 2nd quarter worth approximately $876,000. Schroder Investment Management Group lifted its holdings in Huntsman by 14.2% in the 2nd quarter. Schroder Investment Management Group now owns 28,818 shares of the basic materials company’s stock worth $843,000 after purchasing an additional 3,589 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Huntsman by 1.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 180,700 shares of the basic materials company’s stock worth $5,276,000 after purchasing an additional 2,612 shares during the last quarter. Institutional investors and hedge funds own 77.15% of the company’s stock.
Huntsman Company Profile
Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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