Huntsman Corp. Price Target Increased to $22.00 by Analysts at UBS AG (HUN)
Equities researchers at UBS AG upped their price target on shares of Huntsman Corp. (NYSE:HUN) from $19.00 to $22.00 in a research report issued on Wednesday, AR Network reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target suggests a potential downside of 5.21% from the stock’s previous close.
Shares of Huntsman Corp. (NYSE:HUN) traded down 0.04% during mid-day trading on Wednesday, hitting $23.21. 2,190,768 shares of the company’s stock traded hands. Huntsman Corp. has a 52-week low of $15.52 and a 52-week high of $23.46. The stock’s 50-day moving average is $21.43 and its 200-day moving average is $18.93. The company has a market cap of $5.568 billion and a price-to-earnings ratio of 117.87.
Huntsman Corp. (NYSE:HUN) last announced its 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. Analysts expect that Huntsman Corp. will post $1.53 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $22.00.
In other Huntsman Corp. news, Insider James H. Huntsman unloaded 300,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $23.08, for a total transaction of $6,924,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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.