Huntsman Corp. (HUN) Hits New 52-Week High at $17.53
Huntsman Corp. (NYSE:HUN) hit a new 52-week high on Monday . The company traded as high as $17.53 and last traded at $17.48, with a volume of 1,048,605 shares trading hands. The stock had previously closed at $16.98.
A number of equities research analysts have weighed in on the stock. Jefferies Group reiterated a “buy” rating on shares of Huntsman Corp. in a research note on Thursday, August 4th. Nomura reiterated a “buy” rating and set a $17.00 target price on shares of Huntsman Corp. in a research note on Tuesday, May 3rd. Citigroup Inc. boosted their target price on shares of Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. Finally, Zacks Investment Research lowered shares of Huntsman Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $16.89.
The firm has a 50-day moving average of $16.06 and a 200 day moving average of $14.12. The stock has a market capitalization of $4.17 billion and a P/E ratio of 20.88.
Huntsman Corp. (NYSE:HUN) last announced its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The firm earned $2.54 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the business earned $0.63 earnings per share. Huntsman Corp.’s revenue was down 7.2% on a year-over-year basis. On average, analysts expect that Huntsman Corp. will post $1.75 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Huntsman Corp. stock. US Bancorp DE increased its stake in Huntsman Corp. (NYSE:HUN) by 140.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.
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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