Huntsman Corporation (HUN) Price Target Raised to $35.00
Huntsman Corporation (NYSE:HUN) had its target price hoisted by stock analysts at UBS AG from $32.00 to $35.00 in a research report issued on Monday, www.benzinga.com reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. UBS AG’s price objective would indicate a potential upside of 11.61% from the stock’s current price.
HUN has been the subject of several other reports. Nomura raised their target price on shares of Huntsman Corporation to $40.00 and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research raised shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. SunTrust Banks, Inc. reissued a “buy” rating and issued a $32.00 target price on shares of Huntsman Corporation in a research note on Friday. KeyCorp reissued a “buy” rating and issued a $34.00 target price on shares of Huntsman Corporation in a research note on Tuesday, October 17th. Finally, BidaskClub cut shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $31.55.
Shares of Huntsman Corporation (HUN) traded up 0.97% during mid-day trading on Monday, hitting $31.36. 13,248,628 shares of the stock were exchanged. Huntsman Corporation has a 12-month low of $16.31 and a 12-month high of $32.00. The company has a market capitalization of $7.53 billion, a PE ratio of 17.78 and a beta of 2.79. The firm has a 50-day moving average price of $28.14 and a 200 day moving average price of $26.17.
Huntsman Corporation (NYSE:HUN) last issued its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.17. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman Corporation had a net margin of 5.37% and a return on equity of 34.90%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. On average, equities research analysts expect that Huntsman Corporation will post $2.39 earnings per share for the current year.
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A number of institutional investors have recently made changes to their positions in HUN. BlackRock Inc. lifted its holdings in Huntsman Corporation by 12,556.8% during the 1st quarter. BlackRock Inc. now owns 10,242,161 shares of the basic materials company’s stock valued at $251,343,000 after purchasing an additional 10,161,239 shares during the last quarter. CNH Partners LLC acquired a new stake in Huntsman Corporation during the 2nd quarter valued at $173,105,000. Farallon Capital Management LLC acquired a new stake in Huntsman Corporation during the 2nd quarter valued at $140,053,000. Principal Financial Group Inc. lifted its holdings in Huntsman Corporation by 119.2% during the 2nd quarter. Principal Financial Group Inc. now owns 4,809,158 shares of the basic materials company’s stock valued at $124,269,000 after purchasing an additional 2,615,454 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Huntsman Corporation by 90.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,391,025 shares of the basic materials company’s stock valued at $139,304,000 after purchasing an additional 2,559,069 shares during the last quarter. 75.00% of the stock is owned by institutional investors and hedge funds.
About Huntsman Corporation
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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