Huntsman (NYSE:HUN – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.
A number of other analysts also recently commented on the company. Deutsche Bank restated a “hold” rating and set a $11.00 price objective on shares of Huntsman in a report on Thursday, August 20th. KeyCorp upped their target price on shares of Huntsman from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday. Wells Fargo & Company dropped their target price on Huntsman from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 6th. The Goldman Sachs Group set a $12.00 price target on Huntsman in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada increased their price target on Huntsman from $9.00 to $10.00 and gave the company a “sector perform” rating in a report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.62.
Huntsman Stock Performance
NYSE:HUN opened at $9.78 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.35 and a debt-to-equity ratio of 0.60. Huntsman has a 52-week low of $7.99 and a 52-week high of $16.08. The stock has a fifty day simple moving average of $9.01 and a 200-day simple moving average of $11.60.
Huntsman (NYSE:HUN – Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a negative net margin of 2.81% and a negative return on equity of 3.11%. Huntsman’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) earnings per share. Equities research analysts predict that Huntsman will post -0.29 earnings per share for the current year.
Institutional Trading of Huntsman
Several institutional investors have recently added to or reduced their stakes in HUN. BlackRock Inc. bought a new position in shares of Huntsman in the 2nd quarter worth about $193,750,000. Pzena Investment Management LLC bought a new stake in shares of Huntsman during the 2nd quarter valued at about $54,817,000. Private Management Group Inc. bought a new stake in shares of Huntsman during the 3rd quarter valued at about $27,935,000. Bank of America Corp DE acquired a new stake in Huntsman during the second quarter worth about $23,596,000. Finally, Bank of Nova Scotia acquired a new stake in Huntsman during the second quarter worth about $11,907,000. Institutional investors own 84.81% of the company’s stock.
About Huntsman
Huntsman Corporation is a global chemicals manufacturer that produces differentiated and specialty chemical products for industrial and consumer markets. Its products include polyurethane chemicals, epoxy and other advanced materials, and performance chemicals used in applications such as insulation, coatings, adhesives, construction, transportation, textiles, and electronics. Founded by Jon Huntsman Sr. in 1970, the company began as a plastics and packaging business before expanding into chemicals.
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