Several other equities research analysts also recently commented on the company. Barclays reiterated a “sell” rating and set a $19.00 target price on shares of Huntsman in a report on Wednesday, July 31st. Jefferies Financial Group dropped their target price on Huntsman from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, June 17th. KeyCorp dropped their target price on Huntsman from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Nomura reiterated a “buy” rating and set a $26.00 price objective on shares of Huntsman in a research note on Sunday, August 11th. Finally, UBS Group set a $26.00 price objective on shares of Huntsman and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Huntsman presently has a consensus rating of “Hold” and an average price target of $27.36.
NYSE:HUN traded up $0.10 during mid-day trading on Tuesday, hitting $23.10. The company had a trading volume of 157,453 shares, compared to its average volume of 2,593,750. The business has a fifty day simple moving average of $19.98 and a 200-day simple moving average of $21.11. The company has a current ratio of 1.83, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96. Huntsman has a 1 year low of $17.33 and a 1 year high of $29.60. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 1.14 and a beta of 2.30.
Huntsman (NYSE:HUN) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). Huntsman had a negative net margin of 1.37% and a positive return on equity of 18.68%. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, research analysts anticipate that Huntsman will post 2.31 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Huntsman by 1.3% during the 1st quarter. BlackRock Inc. now owns 15,541,338 shares of the basic materials company’s stock worth $349,525,000 after purchasing an additional 194,288 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Huntsman by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,682,522 shares of the basic materials company’s stock worth $109,615,000 after buying an additional 19,446 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Huntsman by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 3,760,365 shares of the basic materials company’s stock worth $72,537,000 after buying an additional 249,417 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Huntsman by 12.9% in the second quarter. Wells Fargo & Company MN now owns 3,450,438 shares of the basic materials company’s stock worth $70,527,000 after buying an additional 395,569 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Huntsman by 37.2% in the second quarter. Invesco Ltd. now owns 3,093,714 shares of the basic materials company’s stock worth $63,235,000 after buying an additional 838,161 shares during the last quarter. 74.66% of the stock is currently owned by institutional investors and hedge funds.
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 Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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