ValuEngine Upgrades Huntsman (NYSE:HUN) to Strong-Buy

ValuEngine upgraded shares of Huntsman (NYSE:HUN) from a buy rating to a strong-buy rating in a report published on Friday, February 2nd.

Several other research analysts have also weighed in on HUN. KeyCorp reaffirmed a buy rating and set a $34.00 price target on shares of Huntsman in a research report on Tuesday, October 17th. Tudor Pickering assumed coverage on Huntsman in a research report on Friday, January 19th. They set a buy rating on the stock. Jefferies Group boosted their price target on Huntsman to $43.00 and gave the stock a buy rating in a research report on Friday, January 26th. UBS Group boosted their price target on Huntsman from $32.00 to $35.00 and gave the stock a buy rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group reaffirmed a hold rating and set a $36.00 price target on shares of Huntsman in a research report on Monday, December 4th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $34.00.

Huntsman (NYSE:HUN) traded down $0.04 during trading hours on Friday, hitting $30.79. The company’s stock had a trading volume of 4,787,285 shares, compared to its average volume of 2,873,074. The firm has a market cap of $7,389.85, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 1.41 and a beta of 2.76. Huntsman has a 52-week low of $20.17 and a 52-week high of $36.09. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52.

In related news, CEO Anthony P. Hankins sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $33.24, for a total transaction of $3,324,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Corp Huntsman sold 21,764,800 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. The disclosure for this sale can be found here. Insiders have sold a total of 24,154,548 shares of company stock worth $527,750,108 over the last three months. 19.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HUN. PNC Financial Services Group Inc. grew its holdings in Huntsman by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 28,889 shares of the basic materials company’s stock valued at $746,000 after buying an additional 192 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Huntsman by 19.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 342,713 shares of the basic materials company’s stock valued at $8,856,000 after buying an additional 55,220 shares in the last quarter. Northern Trust Corp grew its holdings in Huntsman by 6.4% in the 2nd quarter. Northern Trust Corp now owns 1,134,652 shares of the basic materials company’s stock valued at $29,320,000 after buying an additional 68,456 shares in the last quarter. FMR LLC grew its holdings in Huntsman by 35.5% in the 2nd quarter. FMR LLC now owns 1,340,699 shares of the basic materials company’s stock valued at $34,643,000 after buying an additional 351,047 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in Huntsman by 10.9% in the 2nd quarter. M&T Bank Corp now owns 12,692 shares of the basic materials company’s stock valued at $329,000 after buying an additional 1,249 shares in the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

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About Huntsman

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Huntsman (NYSE:HUN)

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