Huntsman Corp. (HUN) Shares Up 4.1%
Huntsman Corp. (NYSE:HUN) shot up 4.1% during mid-day trading on Monday . The stock traded as high as $16.53 and last traded at $16.51, with a volume of 1,699,495 shares traded. The stock had previously closed at $15.86.
Several research firms have issued reports on HUN. Zacks Investment Research upgraded shares of Huntsman Corp. from a “sell” rating to a “hold” rating in a research note on Friday. Jefferies Group reiterated a “buy” rating on shares of Huntsman Corp. in a research note on Thursday. Citigroup Inc. boosted their price objective on shares of Huntsman Corp. from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. Nomura reiterated a “buy” rating on shares of Huntsman Corp. in a research note on Tuesday, July 12th. Finally, TheStreet upgraded shares of Huntsman Corp. from a “hold” rating to a “buy” rating in a research note on Friday, April 29th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $18.20.
The company has a market cap of $3.93 billion and a PE ratio of 19.71. The stock’s 50 day moving average is $15.03 and its 200-day moving average is $13.36.
Huntsman Corp. (NYSE:HUN) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The company earned $2.54 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Huntsman Corp.’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. Equities analysts predict that Huntsman Corp. will post $1.73 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its position in Huntsman Corp. by 140.9% in the fourth quarter. US Bancorp DE now owns 108,661 shares of the company’s stock worth $1,236,000 after buying an additional 63,560 shares in the last quarter. OppenheimerFunds Inc. purchased a new position in Huntsman Corp. during the fourth quarter worth approximately $1,340,000. Cornerstone Capital Management Holdings LLC. increased its position in Huntsman Corp. by 3,098.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 188,700 shares of the company’s stock worth $2,146,000 after buying an additional 182,800 shares in the last quarter. Russell Frank Co increased its position in Huntsman Corp. by 501.1% in the fourth quarter. Russell Frank Co now owns 236,742 shares of the company’s stock worth $2,668,000 after buying an additional 197,360 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in Huntsman Corp. by 1,285.0% in the fourth quarter. Advisors Asset Management Inc. now owns 388,002 shares of the company’s stock worth $4,412,000 after buying an additional 359,988 shares in the last quarter.
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). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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