Huntsman Given Average Rating of “Buy” by Analysts (NYSE:HUN)
Huntsman (NYSE:HUN) has earned a consensus recommendation of “Buy” from the eleven analysts that are covering the company, American Banking and Market News reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $30.29.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Huntsman in a research note on Thursday, July 31st. They now have a $27.00 price target on the stock, up previously from $24.00. Separately, analysts at Monness Crespi & Hardt raised their price target on shares of Huntsman from $28.00 to $35.00 in a research note on Monday, June 16th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Huntsman from $30.00 to $35.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock.
Huntsman (NYSE:HUN) opened at 26.98 on Tuesday. Huntsman has a 52-week low of $17.28 and a 52-week high of $28.87. The stock has a 50-day moving average of $27.14 and a 200-day moving average of $25.56. The company has a market cap of $6.581 billion and a price-to-earnings ratio of 23.60.
Huntsman (NYSE:HUN) last released its earnings data on Wednesday, July 30th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.11. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that Huntsman will post $2.12 earnings per share for the current fiscal year.
In other Huntsman news, Insider Simon Turner sold 63,500 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $26.71, for a total transaction of $1,696,085.00. The transaction was disclosed in a filing 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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