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.

Huntsman (NYSE:HUN) last released its earnings results on Tuesday, July 31st. The basic materials company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.17. Huntsman had a return on equity of 24.14% and a net margin of 11.92%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the business posted $0.59 EPS. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. equities analysts forecast that Huntsman will post 3.53 earnings per share for the current fiscal year.

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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Analyst Recommendations for Huntsman (NYSE:HUN)

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