Huntsman Corp. (HUN) Reaches New 1-Year High at $17.42
Huntsman Corp. (NYSE:HUN)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.42 and last traded at $17.38, with a volume of 1,821,862 shares trading hands. The stock had previously closed at $16.96.
Several brokerages have recently issued reports on HUN. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a report on Monday. Zacks Investment Research raised shares of Huntsman Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Citigroup Inc. boosted their price target on shares of Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, July 15th. Finally, Nomura reissued a “buy” rating on shares of Huntsman Corp. in a report on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Huntsman Corp. currently has a consensus rating of “Buy” and a consensus target price of $16.89.
The company has a 50 day moving average of $15.69 and a 200 day moving average of $13.96. The firm has a market cap of $4.16 billion and a PE ratio of 20.85.
Huntsman Corp. (NYSE:HUN) last issued its earnings results on Wednesday, July 27th. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. During the same quarter in the previous year, the company posted $0.63 earnings per share. The firm earned $2.54 billion during the quarter, compared to analyst estimates of $2.59 billion. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Huntsman Corp. will post $1.75 EPS for the current year.
Other hedge funds and institutional investors have recently modified their holdings of the company. US Bancorp DE raised its position in shares of 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Huntsman Corp. by 395.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 516,650 shares of the company’s stock worth $5,874,000 after buying an additional 412,325 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Huntsman Corp. by 18.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,314,915 shares of the company’s stock worth $14,951,000 after buying an additional 202,693 shares during the period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.