Huntsman Corporation (NYSE:HUN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
According to Zacks, “Huntsman Corporation is among the world’s largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. “
Other equities research analysts have also issued reports about the company. Jefferies Group LLC reiterated a “buy” rating and set a $31.00 price target on shares of Huntsman Corporation in a report on Tuesday, July 25th. BidaskClub lowered Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Nomura reiterated a “buy” rating and set a $30.00 price target on shares of Huntsman Corporation in a report on Thursday, April 27th. Instinet reiterated a “buy” rating and set a $30.00 price target on shares of Huntsman Corporation in a report on Sunday, July 9th. Finally, Alembic Global Advisors set a $28.00 price target on Huntsman Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $28.67.
Huntsman Corporation (NYSE:HUN) traded down 1.45% on Thursday, reaching $25.13. 2,371,517 shares of the company traded hands. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 14.25 and a beta of 2.81. Huntsman Corporation has a 52-week low of $14.16 and a 52-week high of $28.30. The firm has a 50 day moving average price of $26.29 and a 200 day moving average price of $24.14.
Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.18. The business had revenue of $2.62 billion during 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 firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. Equities research analysts predict that Huntsman Corporation will post $2.22 EPS for the current year.
In other Huntsman Corporation news, CEO Peter R. Huntsman purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was bought at an average cost of $23.83 per share, for a total transaction of $238,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,042,720 shares in the company, valued at $96,338,017.60. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Randy W. Wright sold 56,675 shares of the company’s stock in a transaction that occurred on 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 owns 66,023 shares of the company’s stock, valued at $1,700,752.48. The disclosure for this sale can be found here. 19.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of HUN. SG Americas Securities LLC acquired a new position in shares of Huntsman Corporation during the first quarter worth approximately $122,000. Opera Trading Capital purchased a new stake in Huntsman Corporation during the second quarter worth about $129,000. Bronfman E.L. Rothschild L.P. boosted its stake in Huntsman Corporation by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after buying an additional 24 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Huntsman Corporation by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,863 shares of the basic materials company’s stock worth $203,000 after buying an additional 705 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Huntsman Corporation during the second quarter worth about $207,000. Institutional investors own 70.74% of the company’s stock.
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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