Huntsman Corp. Sees Unusually High Options Volume (HUN)
Huntsman Corp. (NYSE:HUN) was the target of some unusual options trading activity on Tuesday. Investors acquired 20,073 put options on the company, AnalystRatingsNetwork reports. This is an increase of approximately 909% compared to the average daily volume of 1,990 put options.
A number of analysts have recently weighed in on HUN shares. Analysts at Merrill Lynch upgraded shares of Huntsman Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 19th. Separately, analysts at Bank of America Corp. upgraded shares of Huntsman Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 19th. They now have a $24.00 price target on the stock. Finally, analysts at Jefferies Group upgraded shares of Huntsman Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 16th. They now have a $26.00 price target on the stock, up previously from $20.00. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Huntsman Corp. presently has an average rating of “Buy” and a consensus price target of $21.13.
Shares of Huntsman Corp. (NYSE:HUN) traded up 6.13% on Tuesday, hitting $23.04. 8,602,593 shares of the company’s stock traded hands. Huntsman Corp. has a 52 week low of $13.70 and a 52 week high of $20.14. The stock has a 50-day moving average of $18.12 and a 200-day moving average of $18.15. The company has a market cap of $5.559 billion and a price-to-earnings ratio of 52.31.
Huntsman Corp. (NYSE:HUN) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.54 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.54. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts predict that Huntsman Corp. will post $1.55 earnings per share for the current fiscal year.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.