Huntsman (NYSE:HUN – Free Report) had its price objective raised by UBS Group from $9.00 to $10.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.
HUN has been the subject of several other research reports. The Goldman Sachs Group set a $12.00 price target on Huntsman in a research report on Thursday, July 16th. Zacks Research lowered shares of Huntsman from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Huntsman in a report on Friday, October 30th. KeyCorp assumed coverage on shares of Huntsman in a report on Friday, September 11th. They set an “overweight” rating and a $14.00 price target on the stock. Finally, Jefferies Financial Group set a $12.00 price target on shares of Huntsman in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.69.
View Our Latest Research Report on HUN
Huntsman Stock Down 3.5%
Shares of HUN traded down $0.34 during mid-day trading on Wednesday, reaching $9.45. The company had a trading volume of 2,892,899 shares, compared to its average volume of 3,000,875. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. The firm has a 50-day moving average price of $9.00 and a 200 day moving average price of $11.63. Huntsman has a 52 week low of $7.74 and a 52 week high of $16.08. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -9.45 and a beta of 0.73.
Huntsman (NYSE:HUN – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Huntsman had a negative net margin of 2.81% and a negative return on equity of 3.11%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business earned ($0.03) EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts forecast that Huntsman will post -0.28 EPS for the current year.
Institutional Trading of Huntsman
Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Huntsman during the second quarter valued at approximately $193,750,000. Dimensional Fund Advisors LP increased its stake in shares of Huntsman by 16.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,950,777 shares of the basic materials company’s stock worth $92,509,000 after purchasing an additional 1,003,187 shares in the last quarter. Pzena Investment Management LLC bought a new position in Huntsman in the 2nd quarter worth $54,817,000. Private Management Group Inc. bought a new position in Huntsman in the 3rd quarter worth $27,935,000. Finally, Bank of America Corp DE purchased a new position in Huntsman during the second quarter valued at $23,596,000. 84.81% of the stock is currently owned by institutional investors.
About Huntsman
Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.
Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.
The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.
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