Huntsman Corporation (HUN) Upgraded to “Overweight” by KeyCorp
Huntsman Corporation (NYSE:HUN) was upgraded by KeyCorp to an “overweight” rating in a report issued on Monday.
Other equities research analysts have also recently issued reports about the stock. UBS AG reaffirmed a “buy” rating and issued a $28.00 price objective (up from $24.00) on shares of Huntsman Corporation in a research report on Tuesday, April 4th. Zacks Investment Research cut shares of Huntsman Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub raised shares of Huntsman Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Citigroup Inc. raised shares of Huntsman Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $24.54 to $28.00 in a research report on Monday, April 3rd. Finally, Jefferies Group LLC boosted their price target on shares of Huntsman Corporation from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.71.
Shares of Huntsman Corporation (HUN) opened at 26.72 on Monday. The company’s 50 day moving average price is $25.32 and its 200 day moving average price is $23.48. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 18.66 and a beta of 2.81. Huntsman Corporation has a one year low of $14.16 and a one year high of $28.20.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.38 by $0.19. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Huntsman Corporation had a net margin of 3.54% and a return on equity of 25.96%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. On average, analysts expect that Huntsman Corporation will post $2.21 earnings per share for the current fiscal year.
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In other news, CFO Sean Douglas bought 2,500 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were bought at an average cost of $23.74 per share, with a total value of $59,350.00. Following the acquisition, the chief financial officer now owns 66,996 shares in the company, valued at $1,590,485.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jon M. Huntsman sold 100,000 shares of the company’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $25.52, for a total transaction of $2,552,000.00. Following the completion of the sale, the insider now directly owns 498,816 shares in the company, valued at $12,729,784.32. The disclosure for this sale can be found here. Insiders have sold a total of 189,637 shares of company stock worth $4,860,720 over the last three months. Insiders own 19.00% of the company’s stock.
Several large investors have recently modified their holdings of HUN. SG Americas Securities LLC purchased a new stake in shares of Huntsman Corporation during the first quarter worth about $122,000. Opera Trading Capital purchased a new stake in shares of Huntsman Corporation during the second quarter worth about $129,000. World Asset Management Inc purchased a new stake in shares of Huntsman Corporation during the first quarter worth about $241,000. Asset Management One Co. Ltd. purchased a new stake in shares of Huntsman Corporation during the first quarter worth about $262,000. Finally, Blair William & Co. IL purchased a new stake in shares of Huntsman Corporation during the first quarter worth about $265,000. 71.70% of the stock is currently owned by institutional investors.
Huntsman Corporation Company Profile
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). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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