Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Huntsman Corporation (NYSE:HUN) Stock Price
News coverage about Huntsman Corporation (NYSE:HUN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Huntsman Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.8471091884568 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Morgan Stanley Sells 20131 Shares of Synnex Corporation (NYSE:SNX) (elcumanes.com)
- Nisa Investment Advisors LLC Has $1990000 Position in Huntsman Corporation (HUN) (footballhebdo.com)
- Huntsman Corporation (HUN) Stake Decreased by Alliancebernstein LP (vothemes.com)
- Investment Analysts’ Recent Ratings Updates for Huntsman Corporation (HUN) (famososartistas.com)
- Huntsman Corporation (HUN) Raised to “Hold” at Zacks Investment Research (americanbankingnews.com)
Several research firms have issued reports on HUN. Zacks Investment Research raised shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $31.00 price target on shares of Huntsman Corporation in a report on Tuesday, July 25th. BidaskClub lowered shares of Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. KeyCorp raised shares of Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a report on Monday, July 24th. Finally, Instinet reaffirmed a “buy” rating and issued a $30.00 price target on shares of Huntsman Corporation in a report on Sunday, July 9th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $28.67.
Shares of Huntsman Corporation (HUN) opened at 25.15 on Friday. The firm has a market capitalization of $6.04 billion, a P/E ratio of 14.26 and a beta of 2.81. Huntsman Corporation has a 1-year low of $14.16 and a 1-year high of $28.30. The stock’s 50 day moving average is $26.29 and its 200 day moving average is $24.18. Huntsman Corporation also was the recipient of some unusual options trading activity on Thursday. Traders bought 28,560 call options on the company. This is an increase of 1,450% compared to the average volume of 1,843 call options.
Huntsman Corporation (NYSE:HUN) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.18. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. Equities analysts predict that Huntsman Corporation will post $2.22 earnings per share for the current year.
In other Huntsman Corporation news, CEO Peter R. Huntsman acquired 10,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were bought at an average cost of $23.83 per share, with a total value of $238,300.00. Following the transaction, the chief executive officer now owns 4,042,720 shares of the company’s stock, valued at approximately $96,338,017.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sean Douglas acquired 2,500 shares of the stock in a transaction on Wednesday, May 31st. The shares were acquired at an average cost of $23.74 per share, for a total transaction of $59,350.00. Following the completion of the transaction, the chief financial officer now directly owns 66,996 shares in the company, valued at approximately $1,590,485.04. The disclosure for this purchase can be found here. Company insiders own 19.00% of the company’s stock.
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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