Huntsman (NYSE:HUN) had its price target boosted by stock analysts at Jefferies Financial Group from $40.00 to $44.00 in a research note issued on Monday, Analyst Ratings Network reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 42.44% from the company’s previous close.
A number of other brokerages also recently issued reports on HUN. Barclays boosted their price objective on Huntsman from $28.00 to $31.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 16th. Seaport Global Securities raised Huntsman from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Monday, January 11th. KeyCorp boosted their price objective on Huntsman from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, January 15th. Royal Bank of Canada raised Huntsman from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $25.00 to $34.00 in a research note on Friday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Huntsman from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, February 16th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $29.67.
NYSE HUN opened at $30.89 on Monday. The business’s 50-day moving average price is $28.69 and its two-hundred day moving average price is $27.00. Huntsman has a 12 month low of $13.86 and a 12 month high of $30.94. The firm has a market capitalization of $6.85 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.54. The company has a current ratio of 1.56, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.
Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, April 29th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.77 billion. Huntsman had a return on equity of 5.27% and a net margin of 16.55%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. As a group, analysts forecast that Huntsman will post 0.89 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Brinker Capital Investments LLC bought a new position in shares of Huntsman in the third quarter valued at approximately $1,486,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Huntsman by 7.6% in the third quarter. Mercer Global Advisors Inc. ADV now owns 18,848 shares of the basic materials company’s stock valued at $419,000 after acquiring an additional 1,326 shares in the last quarter. First American Bank bought a new position in shares of Huntsman in the fourth quarter valued at approximately $498,000. State of Alaska Department of Revenue bought a new position in shares of Huntsman in the fourth quarter valued at approximately $74,000. Finally, TRUE Private Wealth Advisors bought a new position in shares of Huntsman in the fourth quarter valued at approximately $130,000. 77.32% of the stock is owned by hedge funds and other institutional investors.
Huntsman Company Profile
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Performance Products segment manufactures amines and maleic anhydrides, including ethylene oxide, propylene oxide, glycols, ethylene dichloride, caustic soda, ammonia, hydrogen, methylamines, and acrylonitrile.
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