Huntsman Corporation (NYSE:HUN) Stock Has Average Price Target of $11.29 According to Analysts

Shares of Huntsman Corporation (NYSE:HUN) have been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $11.31.

Several equities research analysts have issued reports on the company. Jefferies Financial Group dropped their price objective on Huntsman from $16.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Weiss Ratings cut Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. The Goldman Sachs Group set a $12.00 price target on shares of Huntsman in a research report on Thursday, July 16th. UBS Group dropped their price target on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Finally, Royal Bank Of Canada dropped their price target on shares of Huntsman from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 13th.

Insider Buying and Selling

In related news, CEO Peter R. Huntsman acquired 100,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was bought at an average cost of $9.81 per share, with a total value of $981,000.00. Following the acquisition, the chief executive officer directly owned 7,256,341 shares in the company, valued at approximately $71,184,705.21. The trade was a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Huntsman

Several large investors have recently modified their holdings of HUN. Bfsg LLC acquired a new position in shares of Huntsman in the 3rd quarter valued at about $215,000. Chicago Partners Investment Group LLC grew its position in shares of Huntsman by 457.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 198,356 shares of the basic materials company’s stock valued at $1,746,000 after buying an additional 162,798 shares during the last quarter. Childress Capital Advisors LLC acquired a new stake in Huntsman during the third quarter worth about $85,000. Pinnacle Wealth Planning Services Inc. lifted its holdings in Huntsman by 153.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 16,283 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 9,854 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in Huntsman by 3,346.8% in the third quarter. Inspire Investing LLC now owns 78,828 shares of the basic materials company’s stock worth $662,000 after acquiring an additional 76,541 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Trading Up 7.5%

NYSE:HUN opened at $9.64 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. Huntsman has a one year low of $7.30 and a one year high of $16.08. The business’s 50-day simple moving average is $9.00 and its 200 day simple moving average is $11.68. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -9.27 and a beta of 0.80.

Huntsman Company Profile

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.