Huntsman Corp. (HUN) Hits New 1-Year High at $17.42
Huntsman Corp. (NYSE:HUN) hit a new 52-week high on Tuesday . The stock traded as high as $17.42 and last traded at $17.38, with a volume of 1,821,862 shares traded. The stock had previously closed at $16.96.
Several equities research analysts have weighed in on HUN shares. Jefferies Group reiterated a “buy” rating on shares of Huntsman Corp. in a report on Monday. Zacks Investment Research upgraded Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday, July 1st. TheStreet upgraded Huntsman Corp. from a “hold” rating to a “buy” rating in a research note on Friday, April 29th. Citigroup Inc. upped their price objective on Huntsman Corp. from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. Finally, Nomura restated a “buy” rating and set a $17.00 price objective on shares of Huntsman Corp. in a research note on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Huntsman Corp. has an average rating of “Buy” and a consensus price target of $16.89.
The stock’s 50-day moving average is $15.85 and its 200 day moving average is $14.04. The firm has a market cap of $3.99 billion and a P/E ratio of 20.01.
Huntsman Corp. (NYSE:HUN) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. During the same quarter in the prior year, the company earned $0.63 EPS. The firm earned $2.54 billion during the quarter, compared to analyst estimates of $2.59 billion. The business’s revenue was down 7.2% on a year-over-year basis. On average, equities research analysts predict that Huntsman Corp. will post $1.74 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Huntsman Corp. stock. Principal Financial Group Inc. increased its position in shares of Huntsman Corp. (NYSE:HUN) by 18.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,314,915 shares of the company’s stock after buying an additional 202,693 shares during the period. Principal Financial Group Inc. owned approximately 0.54% of Huntsman Corp. worth $14,951,000 at the end of the most recent 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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