Huntsman (NYSE:HUN) had its target price boosted by JPMorgan Chase & Co. from $14.00 to $17.00 in a research note released on Wednesday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the basic materials company’s stock.
A number of other brokerages also recently issued reports on HUN. SunTrust Banks cut their target price on Huntsman from $29.00 to $24.00 and set a buy rating for the company in a research note on Thursday, April 9th. Wells Fargo & Co cut their price objective on shares of Huntsman from $20.00 to $18.00 and set an overweight rating for the company in a research report on Monday, May 4th. KeyCorp boosted their target price on shares of Huntsman from $21.00 to $23.00 and gave the company an overweight rating in a report on Tuesday, June 23rd. Scotiabank raised their price target on shares of Huntsman from $21.00 to $22.00 and gave the stock a sector perform rating in a report on Wednesday. Finally, Vertical Research lowered Huntsman from a buy rating to a hold rating in a research report on Monday, May 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Huntsman currently has a consensus rating of Hold and a consensus target price of $20.19.
HUN stock opened at $18.50 on Wednesday. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 4.25, a PEG ratio of 9.19 and a beta of 2.07. The company has a current ratio of 1.53, a quick ratio of 1.56 and a debt-to-equity ratio of 0.58. Huntsman has a 12 month low of $12.23 and a 12 month high of $24.90. The firm has a 50-day moving average of $18.37 and a two-hundred day moving average of $18.04.
Huntsman (NYSE:HUN) last issued its earnings results on Tuesday, July 28th. The basic materials company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.06. Huntsman had a return on equity of 6.41% and a net margin of 15.78%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was down 43.2% compared to the same quarter last year. As a group, equities analysts forecast that Huntsman will post 0.38 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted its holdings in Huntsman by 20.4% during the 4th quarter. Quadrant Capital Group LLC now owns 4,131 shares of the basic materials company’s stock worth $96,000 after buying an additional 700 shares in the last quarter. World Asset Management Inc increased its stake in shares of Huntsman by 7.4% during the first quarter. World Asset Management Inc now owns 10,533 shares of the basic materials company’s stock worth $152,000 after acquiring an additional 724 shares during the period. Schafer Cullen Capital Management Inc raised its holdings in Huntsman by 4.4% during the second quarter. Schafer Cullen Capital Management Inc now owns 20,716 shares of the basic materials company’s stock worth $372,000 after purchasing an additional 876 shares in the last quarter. Smith Graham & Co. Investment Advisors LP raised its holdings in Huntsman by 0.4% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 236,713 shares of the basic materials company’s stock worth $4,254,000 after purchasing an additional 961 shares in the last quarter. Finally, Foundry Partners LLC lifted its position in Huntsman by 0.4% in the first quarter. Foundry Partners LLC now owns 281,632 shares of the basic materials company’s stock valued at $4,064,000 after purchasing an additional 1,031 shares during the period. 77.63% of the stock is currently 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 Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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