Huntsman (NYSE:HUN)‘s stock had its “sell” rating restated by equities research analysts at Barclays in a research note issued to investors on Wednesday, AnalystRatings.com reports. They presently have a $19.00 price objective on the basic materials company’s stock. Barclays‘s price objective points to a potential downside of 4.19% from the stock’s current price.
HUN has been the subject of a number of other research reports. Goldman Sachs Group upgraded shares of Huntsman from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Thursday, May 9th. Citigroup set a $21.00 price target on shares of Huntsman and gave the company a “hold” rating in a report on Monday, July 15th. KeyCorp reduced their price target on shares of Huntsman from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Jefferies Financial Group reduced their price target on shares of Huntsman from $33.00 to $30.00 and set a “buy” rating for the company in a report on Monday, June 17th. Finally, ValuEngine upgraded shares of Huntsman from a “strong sell” rating to a “sell” rating in a report on Friday, July 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $27.55.
Shares of NYSE HUN opened at $19.83 on Wednesday. The firm has a market capitalization of $4.79 billion, a PE ratio of 5.94, a P/E/G ratio of 0.91 and a beta of 2.30. The firm’s 50 day moving average price is $20.13. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.11 and a current ratio of 1.83. Huntsman has a 52-week low of $17.33 and a 52-week high of $33.04.
Huntsman (NYSE:HUN) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.28 billion. Huntsman had a net margin of 2.00% and a return on equity of 19.90%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. On average, analysts forecast that Huntsman will post 2.62 EPS for the current year.
In other Huntsman news, insider Scott J. Wright acquired 4,950 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $20.22 per share, with a total value of $100,089.00. Following the completion of the transaction, the insider now directly owns 33,922 shares in the company, valued at approximately $685,902.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Stryker acquired 2,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of $19.01 per share, for a total transaction of $38,020.00. Following the transaction, the vice president now owns 179,930 shares of the company’s stock, valued at $3,420,469.30. The disclosure for this purchase can be found here. Insiders bought 7,950 shares of company stock valued at $157,729 in the last quarter. Corporate insiders own 5.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in HUN. Icon Wealth Partners LLC bought a new stake in shares of Huntsman in the first quarter worth $28,000. Meridian Wealth Management LLC bought a new stake in shares of Huntsman in the first quarter worth $37,000. FinTrust Capital Advisors LLC lifted its position in shares of Huntsman by 130.2% in the first quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 1,143 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Huntsman by 67.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 2,305 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 931 shares in the last quarter. Finally, Pearl River Capital LLC bought a new stake in shares of Huntsman in the first quarter worth $54,000. 76.09% of the stock is currently owned by institutional investors and hedge funds.
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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