Huntsman (NYSE:HUN) Stock Rating Upgraded by Barclays

Huntsman (NYSE:HUN) was upgraded by investment analysts at Barclays to a “hold” rating in a report issued on Monday, Zacks reports.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings cut Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. KeyCorp initiated coverage on Huntsman in a research report on Friday, September 11th. They issued an “overweight” rating and a $14.00 target price on the stock. UBS Group decreased their price target on Huntsman from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Zacks Research cut Huntsman from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Jefferies Financial Group cut their price objective on Huntsman from $16.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.29.

Huntsman Stock Up 0.9%

HUN stock opened at $8.23 on Monday. Huntsman has a one year low of $7.30 and a one year high of $16.08. The firm has a market cap of $1.44 billion, a PE ratio of -7.92 and a beta of 0.80. The firm’s 50 day moving average price is $9.34 and its 200-day moving average price is $11.74. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33.

Insider Buying and Selling at Huntsman

In other news, CEO Peter R. Huntsman acquired 100,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was acquired at an average cost of $9.81 per share, with a total value of $981,000.00. Following the completion of the purchase, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at $71,184,705.21. This represents a 1.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Huntsman

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Huntsman during the second quarter worth about $193,750,000. Pzena Investment Management LLC acquired a new stake in shares of Huntsman during the second quarter worth about $54,817,000. Bank of America Corp DE acquired a new stake in shares of Huntsman during the second quarter worth about $23,596,000. Bank of Nova Scotia purchased a new position in shares of Huntsman in the second quarter valued at approximately $11,907,000. Finally, Man Group plc purchased a new position in shares of Huntsman in the second quarter valued at approximately $11,485,000. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

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.