Huntsman Corp. (HUN) Trading 2.1% Higher
Shares of Huntsman Corp. (NYSE:HUN) traded up 2.1% during mid-day trading on Thursday . The stock traded as high as $17.24 and last traded at $17.12, with a volume of 771,298 shares changing hands. The stock had previously closed at $16.77.
Several analysts have issued reports on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Huntsman Corp. in a report on Monday. Zacks Investment Research downgraded shares of Huntsman Corp. from a “hold” rating to a “sell” rating in a report on Wednesday. Nomura reaffirmed a “buy” rating and issued a $17.00 price target on shares of Huntsman Corp. in a report on Tuesday, May 3rd. TheStreet raised shares of Huntsman Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, Citigroup Inc. upped 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. One research 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. The company has a consensus rating of “Buy” and an average price target of $16.89.
The company has a 50-day moving average of $15.85 and a 200 day moving average of $14.04. The company has a market capitalization of $4.07 billion and a PE ratio of 20.42.
Huntsman Corp. (NYSE:HUN) last released its earnings results on Wednesday, July 27th. The company reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. During the same period in the previous year, the business posted $0.63 EPS. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.59 billion. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. On average, equities research analysts expect that Huntsman Corp. will post $1.74 EPS for the current fiscal year.
A hedge fund recently raised its stake in Huntsman Corp. stock. Principal Financial Group Inc. increased its stake in shares of Huntsman Corp. (NYSE:HUN) by 18.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 0.54% of Huntsman Corp. worth $14,951,000 as of its most recent filing with the SEC.
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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