Huntsman Corporation (NYSE:HUN)‘s stock had its “buy” rating reaffirmed by stock analysts at KeyCorp in a report issued on Tuesday, October 17th. They currently have a $34.00 target price on the basic materials company’s stock. KeyCorp’s price target points to a potential upside of 14.09% from the company’s previous close.
HUN has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Wednesday, October 11th. BidaskClub upgraded shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman Corporation in a report on Monday, October 2nd. ValuEngine upgraded shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Nomura raised their target price on shares of Huntsman Corporation from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $30.73.
Huntsman Corporation (NYSE HUN) traded up 2.45% during mid-day trading on Tuesday, reaching $30.53. The company had a trading volume of 10,423,720 shares. The stock’s 50-day moving average price is $27.93 and its 200 day moving average price is $26.10. Huntsman Corporation has a 52 week low of $16.25 and a 52 week high of $31.16. The firm has a market capitalization of $7.33 billion, a PE ratio of 17.31 and a beta of 2.79.
Huntsman Corporation (NYSE:HUN) last announced its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.17. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business earned $0.38 earnings per share. Huntsman Corporation’s revenue was up 18.5% compared to the same quarter last year. On average, equities research analysts predict that Huntsman Corporation will post $2.33 EPS for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Regentatlantic Capital LLC purchased a new position in Huntsman Corporation during the third quarter valued at approximately $237,000. First Trust Advisors LP raised its stake in Huntsman Corporation by 19.4% during the 3rd quarter. First Trust Advisors LP now owns 286,479 shares of the basic materials company’s stock valued at $7,855,000 after purchasing an additional 46,592 shares during the last quarter. Paulson & CO. Inc. acquired a new position in shares of Huntsman Corporation in the 2nd quarter valued at $336,000. USA Financial Portformulas Corp acquired a new position in shares of Huntsman Corporation in the 2nd quarter valued at $527,000. Finally, Sterling Capital Management LLC raised its stake in shares of Huntsman Corporation by 90.7% in the 2nd quarter. Sterling Capital Management LLC now owns 65,515 shares of the basic materials company’s stock valued at $1,693,000 after buying an additional 31,151 shares in the last quarter. 75.01% of the stock is currently owned by hedge funds and other institutional investors.
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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