Huntsman Insider Unloads $863,186 in Stock (HUN)
Huntsman (NYSE:HUN) Insider Stewart Alan Monteith sold 31,958 shares of Huntsman stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $27.01, for a total transaction of $863,185.58. Following the sale, the insider now directly owns 76,851 shares in the company, valued at approximately $2,075,746. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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. 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. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.29.
Huntsman (NYSE:HUN) traded up 2.10% during mid-day trading on Wednesday, hitting $27.29. The stock had a trading volume of 3,235,260 shares. Huntsman has a 52-week low of $17.52 and a 52-week high of $28.87. The stock’s 50-day moving average is $26.96 and its 200-day moving average is $25.96. The company has a market cap of $6.656 billion and a P/E ratio of 23.45.
Huntsman (NYSE:HUN) last posted its quarterly 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 $2.09 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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