Barclays Upgrades Huntsman (NYSE:HUN) to Hold

Huntsman (NYSE:HUN) was upgraded by equities researchers at Barclays to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Several other research analysts have also issued reports on the company. Zacks Research lowered Huntsman from a “hold” rating to a “strong sell” rating in a research report on Monday. Weiss Ratings downgraded Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Royal Bank Of Canada decreased 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. The Goldman Sachs Group set a $12.00 target price on Huntsman in a report on Thursday, July 16th. Finally, Bank of America boosted their price target on shares of Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Huntsman currently has an average rating of “Hold” and an average price target of $11.29.

Huntsman Trading Up 0.9%

Shares of HUN opened at $8.23 on Monday. Huntsman has a 52-week low of $7.30 and a 52-week high of $16.08. The company has a current ratio of 1.33, a quick ratio of 0.78 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average is $9.34 and its 200-day moving average is $11.74.

Insider Buying and Selling at Huntsman

In related news, CEO Peter R. Huntsman purchased 100,000 shares of Huntsman stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the transaction, the chief executive officer directly owned 7,256,341 shares in the company, valued at $71,184,705.21. The trade was a 1.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HUN. NorthCrest Asset Manangement LLC purchased a new stake in Huntsman in the third quarter worth about $104,000. Versant Capital Management Inc boosted its position in shares of Huntsman by 174.6% during the third quarter. Versant Capital Management Inc now owns 7,338 shares of the basic materials company’s stock valued at $62,000 after buying an additional 4,666 shares during the last quarter. WINTON GROUP Ltd bought a new position in Huntsman during the 2nd quarter valued at about $906,000. Nykredit A S bought a new position in Huntsman during the second quarter valued at approximately $32,000. Finally, Corient Private Wealth LP lifted its holdings in shares of Huntsman by 18.4% during the 2nd quarter. Corient Private Wealth LP now owns 67,330 shares of the basic materials company’s stock valued at $715,000 after buying an additional 10,485 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Company Profile

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company serves customers in industries including construction, automotive, aerospace, energy, electronics, coatings, adhesives, and consumer products.

Huntsman’s product portfolio includes polyurethane chemicals such as methylene diphenyl diisocyanate, or MDI, and polyols; performance chemicals including amines and maleic anhydride; and advanced materials such as epoxy-based formulations, adhesives, and composite materials.