Huntsman Corporation (HUN) Price Target Increased to $34.00 by Analysts at Nomura
Huntsman Corporation (NYSE:HUN) had its target price lifted by Nomura from $30.00 to $34.00 in a research note released on Tuesday morning. They currently have a buy rating on the basic materials company’s stock.
Other analysts have also issued research reports about the company. Alembic Global Advisors set a $28.00 price objective on Huntsman Corporation and gave the company a buy rating in a research note on Thursday, July 27th. Jefferies Group LLC reaffirmed a buy rating and set a $31.00 price objective on shares of Huntsman Corporation in a research note on Tuesday, July 25th. BidaskClub lowered Huntsman Corporation from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Instinet reaffirmed a buy rating and set a $30.00 price objective on shares of Huntsman Corporation in a research note on Sunday, July 9th. Finally, KeyCorp reaffirmed a buy rating and set a $34.00 price objective on shares of Huntsman Corporation in a research note on Friday, September 1st. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $30.33.
Huntsman Corporation (NYSE:HUN) opened at 27.32 on Tuesday. The stock’s 50 day moving average is $26.42 and its 200 day moving average is $25.20. Huntsman Corporation has a 12 month low of $14.75 and a 12 month high of $28.67. The firm has a market cap of $6.56 billion, a PE ratio of 15.49 and a beta of 2.79.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.18. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.64 billion. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. On average, equities analysts forecast that Huntsman Corporation will post $2.32 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Thursday, September 14th. Huntsman Corporation’s payout ratio is 28.41%.
In other news, VP Randy W. Wright sold 56,675 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $25.76, for a total value of $1,459,948.00. Following the transaction, the vice president now directly owns 66,023 shares in the company, valued at approximately $1,700,752.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Randy W. Wright sold 32,962 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $25.75, for a total value of $848,771.50. Following the completion of the transaction, the vice president now owns 69,148 shares in the company, valued at $1,780,561. The disclosure for this sale can be found here. Company insiders own 19.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of Huntsman Corporation in the 2nd quarter worth about $106,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Huntsman Corporation in the 2nd quarter worth about $109,000. SG Americas Securities LLC purchased a new position in shares of Huntsman Corporation in the 1st quarter worth about $122,000. Opera Trading Capital purchased a new position in shares of Huntsman Corporation in the 2nd quarter worth about $129,000. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in shares of Huntsman Corporation by 0.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 24 shares during the period. Institutional investors own 75.10% of the company’s stock.
About Huntsman Corporation
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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