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Huntsman (NYSE:HUN - Get Rating) 's stock had its "equal weight" rating reissued by equities research analysts at Wells Fargo & Company in a report issued on Tuesday, Benzinga reports.
A number of other brokerages have also weighed in on HUN. StockNews.com lowered shares of Huntsman from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, June 15th. Citigroup dropped their price target on Huntsman from $35.00 to $34.00 in a research report on Thursday, August 4th. UBS Group lowered Huntsman from a "buy" rating to a "neutral" rating and set a $40.00 price objective on the stock. in a report on Wednesday, August 3rd. Credit Suisse Group assumed coverage on shares of Huntsman in a report on Monday, September 12th. They set an "outperform" rating and a $33.00 target price for the company. Finally, Bank of America downgraded shares of Huntsman from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $45.00 to $34.00 in a research note on Tuesday, June 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $41.07.Huntsman Price Performance
Shares of NYSE HUN opened at $25.79 on Tuesday. Huntsman has a 52 week low of $24.87 and a 52 week high of $41.65. The company has a quick ratio of 1.26, a current ratio of 2.12 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.19 billion, a P/E ratio of 4.44, a P/E/G ratio of 1.04 and a beta of 1.15. The business's 50 day moving average price is $28.69 and its 200 day moving average price is $32.35.
Huntsman (NYSE:HUN - Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.14. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.30 billion. Huntsman had a net margin of 13.45% and a return on equity of 22.23%. The business's quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. On average, sell-side analysts expect that Huntsman will post 4.29 earnings per share for the current year. Insider Buying and Selling at Huntsman
In related news, Director Curtis E. Espeland bought 15,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average cost of $30.18 per share, with a total value of $452,700.00. Following the purchase, the director now directly owns 18,533 shares of the company's stock, valued at approximately $559,325.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP David M. Stryker acquired 10,000 shares of the company's stock in a transaction on Friday, August 12th. The shares were bought at an average cost of $29.90 per share, with a total value of $299,000.00. Following the transaction, the vice president now owns 341,614 shares in the company, valued at approximately $10,214,258.60. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Curtis E. Espeland acquired 15,000 shares of the firm's stock in a transaction dated Thursday, August 11th. The shares were purchased at an average cost of $30.18 per share, with a total value of $452,700.00. Following the completion of the transaction, the director now owns 18,533 shares in the company, valued at approximately $559,325.94. The disclosure for this purchase can be found here. 6.40% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of HUN. Starboard Value LP increased its position in Huntsman by 55.4% in the 4th quarter. Starboard Value LP now owns 18,026,236 shares of the basic materials company's stock valued at $628,755,000 after acquiring an additional 6,428,092 shares during the period. First Trust Advisors LP lifted its holdings in shares of Huntsman by 773.3% in the 1st quarter. First Trust Advisors LP now owns 7,122,627 shares of the basic materials company's stock valued at $267,170,000 after buying an additional 6,307,003 shares during the period. Westwood Holdings Group Inc. boosted its stake in shares of Huntsman by 409.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,735,693 shares of the basic materials company's stock valued at $95,420,000 after buying an additional 2,198,907 shares in the last quarter. Invesco Ltd. grew its stake in shares of Huntsman by 69.8% during the 1st quarter. Invesco Ltd. now owns 4,556,712 shares of the basic materials company's stock worth $170,921,000 after purchasing an additional 1,873,388 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Huntsman by 280.2% in the second quarter. AQR Capital Management LLC now owns 1,738,365 shares of the basic materials company's stock valued at $48,918,000 after buying an additional 1,281,161 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors. Huntsman Company Profile (Get Rating)
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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.Featured StoriesGet a free copy of the StockNews.com research report on Huntsman (HUN)Oracle’s Short-Term Pain Could Be Your Long-Term Gain Lucid is Looking Like a Clear EV WinnerStill Lovin' It: Investors Keep Visiting McDonald'sDid FedEx Just Deliver A Buying Opportunity? Autozone Shifts Back Into Rally-Mode, New Highs Are In Sight
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