Jefferies Group Increases Huntsman Price Target to $35.00 (HUN)
Stock analysts at Jefferies Group upped their price objective on shares of Huntsman (NYSE:HUN) from $30.00 to $35.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 29.29% from the stock’s previous close.
A number of other firms have also recently commented on HUN. Analysts at Goldman Sachs upgraded shares of Huntsman from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday. Separately, analysts at TheStreet upgraded shares of Huntsman from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Huntsman in a research note on Wednesday, April 30th. They now have a $24.00 price target on the stock. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Huntsman has an average rating of “Buy” and an average price target of $29.67.
Huntsman (NYSE:HUN) traded up 0.52% during mid-day trading on Wednesday, hitting $27.21. The stock had a trading volume of 843,381 shares. Huntsman has a 1-year low of $16.02 and a 1-year high of $27.31. The stock’s 50-day moving average is $25.52 and its 200-day moving average is $23.95. The company has a market cap of $6.567 billion and a price-to-earnings ratio of 32.04.
Huntsman (NYSE:HUN) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Huntsman will post $2.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, June 12th.
In other Huntsman news, CFO J Kimo Esplin unloaded 56,883 shares of Huntsman stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $27.00, for a total value of $1,535,841.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products.
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