ValuEngine upgraded shares of Huntsman (NYSE:HUN) from a buy rating to a strong-buy rating in a report issued on Friday.
Other research analysts also recently issued research reports about the company. SunTrust Banks reissued a buy rating and issued a $32.00 price target on shares of Huntsman in a report on Friday, October 27th. They noted that the move was a valuation call. UBS Group increased their price target on Huntsman from $32.00 to $35.00 and gave the company a buy rating in a report on Monday, October 30th. Goldman Sachs Group reissued a hold rating and issued a $36.00 price target on shares of Huntsman in a report on Monday, December 4th. JPMorgan Chase & Co. began coverage on Huntsman in a report on Wednesday, December 13th. They issued an overweight rating and a $36.00 price target for the company. Finally, Tudor Pickering began coverage on Huntsman in a report on Friday, January 19th. They issued a buy rating for the company. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $34.00.
Huntsman (HUN) opened at $32.46 on Friday. The company has a market capitalization of $7,790.66, a PE ratio of 15.24, a P/E/G ratio of 1.49 and a beta of 2.76. Huntsman has a 1-year low of $19.68 and a 1-year high of $36.09. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10.
In other Huntsman news, Director Alvin V. Shoemaker sold 38,009 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $31.28, for a total transaction of $1,188,921.52. Following the sale, the director now owns 37,227 shares in the company, valued at $1,164,460.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary C. Beckerle sold 4,507 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $30.76, for a total value of $138,635.32. The disclosure for this sale can be found here. Insiders have sold 24,197,064 shares of company stock worth $529,077,665 in the last 90 days. 19.00% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. CNH Partners LLC acquired a new stake in shares of Huntsman during the 2nd quarter worth approximately $173,105,000. Iridian Asset Management LLC CT acquired a new stake in shares of Huntsman during the 4th quarter worth approximately $205,327,000. Principal Financial Group Inc. raised its position in shares of Huntsman by 20.4% during the 3rd quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock worth $158,832,000 after purchasing an additional 983,408 shares during the period. JPMorgan Chase & Co. raised its position in shares of Huntsman by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,466,615 shares of the basic materials company’s stock worth $149,566,000 after purchasing an additional 75,590 shares during the period. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Huntsman during the 3rd quarter worth approximately $78,686,000. Institutional investors and hedge funds own 75.54% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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