Huntsman Corp. (HUN) Stock Price Up 2.1%
Huntsman Corp. (NYSE:HUN)’s share price rose 2.1% during trading on Thursday . The company traded as high as $17.24 and last traded at $17.12, with a volume of 771,298 shares. The stock had previously closed at $16.77.
HUN has been the topic of a number of recent analyst reports. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a report on Monday, August 22nd. Nomura reissued a “buy” rating on shares of Huntsman Corp. in a report on Tuesday, July 12th. Zacks Investment Research cut Huntsman Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 29th. TheStreet raised Huntsman Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, Citigroup Inc. raised their price target on 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 assigned a buy rating to the company. Huntsman Corp. presently has an average rating of “Buy” and a consensus price target of $16.89.
The company has a market capitalization of $4.04 billion and a P/E ratio of 20.26. The company has a 50-day moving average of $16.06 and a 200-day moving average of $14.12.
Huntsman Corp. (NYSE:HUN) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The business 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 in the previous year, the company posted $0.63 earnings per share. Equities research analysts expect that Huntsman Corp. will post $1.75 EPS for the current year.
An institutional investor recently raised its position in Huntsman Corp. stock. US Bancorp DE raised its stake in shares of Huntsman Corp. (NYSE:HUN) by 140.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,661 shares of the company’s stock after buying an additional 63,560 shares during the period. US Bancorp DE’s holdings in Huntsman Corp. were worth $1,236,000 at the end of the most recent reporting 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.
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