Huntsman Corporation (NYSE:HUN)‘s stock had its “buy” rating reaffirmed by KeyCorp in a report released on Tuesday, October 17th. They presently have a $34.00 price objective on the basic materials company’s stock. KeyCorp’s price objective suggests a potential upside of 9.47% from the stock’s previous close.
A number of other brokerages also recently commented on HUN. Wells Fargo & Company upgraded Huntsman Corporation from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $30.00 to $32.00 in a research report on Thursday, September 28th. BidaskClub downgraded Huntsman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Instinet reissued a “buy” rating and set a $34.00 target price (up from $30.00) on shares of Huntsman Corporation in a research note on Wednesday, September 20th. Jefferies Group LLC reissued a “buy” rating and set a $31.00 target price on shares of Huntsman Corporation in a research note on Tuesday, July 25th. Finally, ValuEngine raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $30.73.
Huntsman Corporation (HUN) traded up 4.23% during mid-day trading on Tuesday, reaching $31.06. The company had a trading volume of 14,067,626 shares. Huntsman Corporation has a 12 month low of $16.25 and a 12 month high of $31.16. The firm’s 50 day moving average price is $27.93 and its 200-day moving average price is $26.10. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 17.61 and a beta of 2.79.
Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts anticipate that Huntsman Corporation will post $2.33 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Regentatlantic Capital LLC acquired a new position in shares of Huntsman Corporation in the third quarter worth $237,000. First Trust Advisors LP increased its stake in shares of Huntsman Corporation by 19.4% in the third quarter. First Trust Advisors LP now owns 286,479 shares of the basic materials company’s stock worth $7,855,000 after acquiring an additional 46,592 shares during the last quarter. Paulson & CO. Inc. acquired a new position in shares of Huntsman Corporation in the second quarter worth $336,000. USA Financial Portformulas Corp acquired a new position in shares of Huntsman Corporation in the second quarter worth $527,000. Finally, Sterling Capital Management LLC increased its stake in shares of Huntsman Corporation by 90.7% in the second quarter. Sterling Capital Management LLC now owns 65,515 shares of the basic materials company’s stock worth $1,693,000 after acquiring an additional 31,151 shares during the last quarter. 75.01% of the stock is currently owned by institutional investors and hedge funds.
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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