Huntsman Given Average Rating of “Buy” by Brokerages (NYSE:HUN)
Huntsman (NYSE:HUN) has earned a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the company, AnalystRatingsNetwork reports. Three analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $30.29.
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.
Huntsman (NYSE:HUN) opened at 27.13 on Tuesday. 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 $27.0 and its 200-day moving average is $25.67. The company has a market cap of $6.617 billion and a P/E ratio of 24.17. Huntsman also was the recipient of unusually large options trading activity on Friday. Traders bought 7,445 put options on the stock. This is an increase of approximately 749% compared to the average volume of 877 put options.
Huntsman (NYSE:HUN) last posted its quarterly 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.
In other Huntsman news, Insider James H. Huntsman unloaded 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. The sale was disclosed in a legal filing with the SEC, 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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