Huntsman Corporation (NYSE:HUN)‘s stock had its “buy” rating reissued by analysts at Jefferies Group LLC in a research note issued on Tuesday, July 25th. They presently have a $31.00 price target on the basic materials company’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 23.26% from the company’s current price.
Other research analysts have also issued reports about the stock. BidaskClub lowered shares of Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Nomura reaffirmed a “buy” rating and set a $30.00 price objective 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 objective for the company in a research note on Tuesday, April 18th. UBS AG reaffirmed a “buy” rating and set a $28.00 price objective (up from $24.00) on shares of Huntsman Corporation in a research note on Tuesday, April 4th. Finally, Citigroup Inc. raised shares of Huntsman Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $24.54 to $28.00 in a research note on Monday, April 3rd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $28.67.
Shares of Huntsman Corporation (HUN) traded up 0.08% during midday trading on Tuesday, hitting $25.15. 1,147,363 shares of the stock were exchanged. Huntsman Corporation has a 1-year low of $14.16 and a 1-year high of $28.30. The firm has a 50-day moving average of $26.29 and a 200-day moving average of $24.18. The company has a market capitalization of $6.04 billion, a P/E ratio of 14.26 and a beta of 2.81. Huntsman Corporation also saw unusually large options trading activity on Thursday. Traders bought 28,560 call options on the stock. This is an increase of 1,450% compared to the average daily volume of 1,843 call options.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.67 by $0.18. The company had revenue of $2.62 billion during 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%. Huntsman Corporation’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, equities analysts expect that Huntsman Corporation will post $2.22 EPS for the current year.
In other news, VP Randy W. Wright sold 32,962 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $25.75, for a total transaction of $848,771.50. Following the transaction, the vice president now owns 69,148 shares in the company, valued at $1,780,561. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter R. Huntsman acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were bought at an average price of $23.83 per share, for a total transaction of $238,300.00. Following the acquisition, the chief executive officer now owns 4,042,720 shares of the company’s stock, valued at $96,338,017.60. The disclosure for this purchase can be found here. Corporate insiders own 19.00% of the company’s stock.
A number of large investors have recently modified their holdings of HUN. AXA raised its stake in shares of Huntsman Corporation by 33.9% in the first quarter. AXA now owns 296,100 shares of the basic materials company’s stock worth $7,266,000 after buying an additional 75,000 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Huntsman Corporation by 0.6% in the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock worth $432,000 after buying an additional 100 shares in the last quarter. Sit Investment Associates Inc. raised its stake in shares of 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 worth $471,000 after buying an additional 14,550 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Huntsman Corporation by 18.9% in the first quarter. Vanguard Group Inc. now owns 22,043,506 shares of the basic materials company’s stock worth $540,948,000 after buying an additional 3,497,649 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Huntsman Corporation by 3.4% in the first quarter. Amalgamated Bank now owns 28,471 shares of the basic materials company’s stock worth $699,000 after buying an additional 927 shares in the last quarter. Hedge funds and other institutional investors own 70.74% of the company’s stock.
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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