Huntsman (NYSE:HUN) is scheduled to issue its quarterly earnings data before the market opens on Friday, February 23rd. Analysts expect the company to announce earnings of $0.65 per share for the quarter.
Huntsman (NYSE HUN) opened at $33.11 on Wednesday. The stock has a market cap of $7,950.00, a P/E ratio of 19.25, a P/E/G ratio of 1.48 and a beta of 2.76. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. Huntsman has a 1-year low of $21.25 and a 1-year high of $36.09.
In other news, CEO Anthony P. Hankins sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $33.24, for a total value of $3,324,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Corp Huntsman sold 1,948,955 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $21.66, for a total transaction of $42,214,365.30. The disclosure for this sale can be found here. Insiders sold 24,154,548 shares of company stock valued at $527,750,108 in the last quarter. Corporate insiders own 19.00% of the company’s stock.
An institutional investor recently raised its position in Huntsman stock. The Manufacturers Life Insurance Company boosted its position in shares of Huntsman Co. (NYSE:HUN) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,281 shares of the basic materials company’s stock after acquiring an additional 610 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Huntsman were worth $188,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 79.46% of the company’s stock.
HUN has been the subject of a number of analyst reports. Alembic Global Advisors restated a “buy” rating on shares of Huntsman in a report on Monday, November 6th. UBS Group boosted their price objective on shares of Huntsman from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 30th. Nomura upped their price target on shares of Huntsman to $40.00 and gave the company a “buy” rating in a report on Monday, October 30th. SunTrust Banks reiterated 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. Finally, Jefferies Group upped their price target on shares of Huntsman to $43.00 and gave the company a “buy” rating in a report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Huntsman has a consensus rating of “Buy” and an average price target of $34.67.
Huntsman 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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