Huntsman Corporation (NYSE:HUN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $30.00 target price on the basic materials company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 6.31% from the stock’s current price.

According to Zacks, “Huntsman Corporation is among the world’s largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. “

Other equities research analysts also recently issued research reports about the company. Alembic Global Advisors set a $28.00 target price on Huntsman Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and issued a $31.00 target price on shares of Huntsman Corporation in a research report on Tuesday, July 25th. BidaskClub downgraded Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Instinet restated a “buy” rating and issued a $30.00 target price on shares of Huntsman Corporation in a research report on Sunday, July 9th. Finally, KeyCorp restated a “buy” rating and issued a $34.00 target price on shares of Huntsman Corporation in a research report on Friday, September 1st. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $30.60.

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. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Huntsman Corporation by 6.9% in the 2nd quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock valued at $609,090,000 after purchasing an additional 1,528,072 shares during the period. BlackRock Inc. raised its stake in Huntsman Corporation by 9.2% during the 2nd quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock valued at $288,925,000 after acquiring an additional 939,083 shares during the last quarter. AQR Capital Management LLC raised its stake in Huntsman Corporation by 5.0% during the 1st quarter. AQR Capital Management LLC now owns 8,120,586 shares of the basic materials company’s stock valued at $199,280,000 after acquiring an additional 384,183 shares during the last quarter. CNH Partners LLC purchased a new stake in Huntsman Corporation during the 2nd quarter valued at approximately $173,105,000. Finally, Farallon Capital Management LLC purchased a new stake in Huntsman Corporation during the 2nd quarter valued at approximately $140,053,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Huntsman Corporation 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 Corporation (NYSE:HUN)

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