Huntsman Corporation (NYSE:HUN) - Investment analysts at Jefferies Group dropped their Q3 2017 earnings per share estimates for Huntsman Corporation in a research note issued to investors on Thursday. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will earn $0.34 per share for the quarter, down from their previous forecast of $0.46. Jefferies Group has a “Buy” rating and a $31.00 price objective on the stock. Jefferies Group also issued estimates for Huntsman Corporation’s Q4 2017 earnings at $0.24 EPS, FY2017 earnings at $2.00 EPS, FY2018 earnings at $1.90 EPS and FY2020 earnings at $2.00 EPS.
A number of other brokerages have also issued reports on HUN. BidaskClub lowered shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Nomura reissued a “buy” rating and set a $30.00 price target on shares of Huntsman Corporation in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Huntsman Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, April 18th. UBS AG reissued a “buy” rating and set a $28.00 price target (up from $24.00) on shares of Huntsman Corporation in a research note on Tuesday, April 4th. Finally, Instinet reissued a “buy” rating and set a $30.00 price target on shares of Huntsman Corporation in a research note on Sunday, July 9th. Three investment 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 stock presently has an average rating of “Buy” and an average price target of $28.67.
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Huntsman Corporation (NYSE HUN) opened at 26.36 on Monday. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 14.94 and a beta of 2.81. Huntsman Corporation has a 52-week low of $14.16 and a 52-week high of $28.30. The firm has a 50-day moving average of $26.00 and a 200 day moving average of $23.93.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.18. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share.
In other Huntsman Corporation news, VP Randy W. Wright sold 56,675 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $25.76, for a total value of $1,459,948.00. Following the completion of the sale, the vice president now owns 66,023 shares of the company’s stock, valued at $1,700,752.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sean Douglas bought 2,500 shares of the stock in a transaction on Wednesday, May 31st. The stock was purchased at an average cost of $23.74 per share, with a total value of $59,350.00. Following the purchase, the chief financial officer now directly owns 66,996 shares of the company’s stock, valued at approximately $1,590,485.04. The disclosure for this purchase can be found here. Insiders own 19.00% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Sit Investment Associates Inc. boosted its stake in Huntsman Corporation by 312.9% in the first quarter. Sit Investment Associates Inc. now owns 19,200 shares of the basic materials company’s stock valued at $471,000 after buying an additional 14,550 shares in the last quarter. Creative Planning boosted its stake in Huntsman Corporation by 31.1% in the first quarter. Creative Planning now owns 12,327 shares of the basic materials company’s stock valued at $303,000 after buying an additional 2,925 shares in the last quarter. First Manhattan Co. boosted its stake in Huntsman Corporation by 22.0% in the first quarter. First Manhattan Co. now owns 129,001 shares of the basic materials company’s stock valued at $2,098,000 after buying an additional 23,249 shares in the last quarter. James Investment Research Inc. bought a new stake in Huntsman Corporation during the first quarter valued at approximately $417,000. Finally, Teachers Advisors LLC boosted its stake in Huntsman Corporation by 10.6% in the fourth quarter. Teachers Advisors LLC now owns 536,482 shares of the basic materials company’s stock valued at $10,236,000 after buying an additional 51,586 shares in the last quarter. 71.63% of the stock is 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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