Huntsman Sees Unusually High Options Volume (HUN)
Huntsman (NYSE:HUN) was the target of unusually large options trading activity on Friday. Traders acquired 7,445 put options on the company, AnalystRatings.NET reports. This represents an increase of 749% compared to the typical volume of 877 put options.
In other Huntsman news, Insider James H. Huntsman unloaded 41,662 shares of Huntsman stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $27.44, for a total transaction of $1,143,205.28. The transaction was disclosed in a filing with the SEC, which is available at 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 investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Huntsman currently has an average rating of “Buy” and an average price target of $30.29.
Shares of Huntsman (NYSE:HUN) traded down 1.52% on Friday, hitting $27.13. 1,469,080 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’s 50-day moving average is $27.08 and its 200-day moving average is $25.62. The company has a market cap of $6.617 billion and a P/E ratio of 24.17.
Huntsman (NYSE:HUN) last announced its earnings results on Wednesday, July 30th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.39 earnings per share. Huntsman’s revenue was up 5.6% compared to the same quarter last year. 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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