Alembic Global Advisors set a $40.00 price objective on Huntsman (NYSE:HUN) in a report published on Tuesday. The brokerage currently has a buy rating on the basic materials company’s stock.
HUN has been the subject of several other research reports. ValuEngine lowered Huntsman from a sell rating to a strong sell rating in a report on Tuesday, October 2nd. Zacks Investment Research lowered Huntsman from a buy rating to a hold rating in a report on Tuesday, July 24th. Morgan Stanley initiated coverage on Huntsman in a report on Tuesday, September 25th. They set an equal weight rating and a $30.00 price target for the company. Barclays initiated coverage on Huntsman in a report on Monday, October 8th. They set an underweight rating and a $29.00 price target for the company. Finally, MED reissued a buy rating on shares of Huntsman in a report on Monday, September 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. Huntsman presently has a consensus rating of Hold and a consensus target price of $34.92.
NYSE:HUN traded up $0.01 during mid-day trading on Tuesday, hitting $23.29. 338,340 shares of the company traded hands, compared to its average volume of 3,878,664. Huntsman has a one year low of $19.26 and a one year high of $36.09. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 1.93. The firm has a market capitalization of $5.14 billion, a PE ratio of 9.52, a P/E/G ratio of 0.72 and a beta of 2.69.
Huntsman (NYSE:HUN) last released its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Huntsman had a return on equity of 23.31% and a net margin of 9.88%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. Huntsman’s revenue for the quarter was up 12.7% on a year-over-year basis. Equities analysts forecast that Huntsman will post 3.48 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FTB Advisors Inc. bought a new position in shares of Huntsman in the second quarter worth about $114,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Huntsman in the second quarter worth about $122,000. Willingdon Wealth Management bought a new position in shares of Huntsman in the third quarter worth about $118,000. Stratos Wealth Partners LTD. bought a new position in shares of Huntsman in the third quarter worth about $177,000. Finally, Point72 Hong Kong Ltd boosted its stake in Huntsman by 46.5% during the second quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock valued at $206,000 after buying an additional 2,235 shares during the last quarter. 77.47% of the stock is owned by hedge funds and other institutional investors.
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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