Huntsman Insider Sells $1,143,205 in Stock (HUN)
Huntsman (NYSE:HUN) Insider James H. Huntsman sold 41,662 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $27.44, for a total transaction of $1,143,205.28. Following the completion of the transaction, the insider now directly owns 59,365 shares of the company’s stock, valued at approximately $1,628,976. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
HUN has been the subject of a number of recent research reports. 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. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.29.
Huntsman (NYSE:HUN) traded down 0.98% on Friday, hitting $27.28. 350,104 shares of the company’s stock traded hands. 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 $27.08 and a 200-day moving average of $25.62. The company has a market cap of $6.654 billion and a price-to-earnings ratio of 24.17.
Huntsman (NYSE:HUN) last announced its earnings results 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. Analysts expect that Huntsman will post $2.11 EPS for the current fiscal year.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products.
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