Investment analysts at J P Morgan Chase & Co initiated coverage on shares of Huntsman (NYSE:HUN) in a research note issued on Wednesday, MarketBeat reports. The firm set an “overweight” rating and a $36.00 price target on the basic materials company’s stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 13.24% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. ValuEngine raised shares of Huntsman from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. KeyCorp reissued a “buy” rating and set a $34.00 target price on shares of Huntsman in a research report on Friday, September 1st. Zacks Investment Research raised shares of Huntsman from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Wednesday, October 11th. Nomura boosted their target price on shares of Huntsman to $40.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, SunTrust Banks reissued a “buy” rating and set a $32.00 target price on shares of Huntsman in a research report on Friday, October 27th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.00.

Shares of Huntsman (NYSE HUN) traded up $0.07 during trading hours on Wednesday, reaching $31.79. 4,899,706 shares of the company were exchanged, compared to its average volume of 3,681,142. The company has a market capitalization of $7,457.05, a PE ratio of 13.00, a PEG ratio of 1.43 and a beta of 2.85. Huntsman has a 12-month low of $18.93 and a 12-month high of $32.59. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.17. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. Huntsman’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. equities analysts anticipate that Huntsman will post 2.72 earnings per share for the current year.

In other news, VP J Kimo Esplin sold 240,793 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $30.99, for a total transaction of $7,462,175.07. Following the completion of the transaction, the vice president now owns 528,889 shares of the company’s stock, valued at $16,390,270.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony P. Hankins sold 80,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the transaction, the chief executive officer now directly owns 442,615 shares of the company’s stock, valued at approximately $14,110,566.20. The disclosure for this sale can be found here. Insiders have sold 23,061,783 shares of company stock valued at $512,316,794 in the last ninety days. 19.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Huntsman by 0.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after buying an additional 24 shares during the last quarter. Synovus Financial Corp raised its position in shares of Huntsman by 0.7% during the second quarter. Synovus Financial Corp now owns 8,979 shares of the basic materials company’s stock valued at $234,000 after buying an additional 62 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Huntsman by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 28,889 shares of the basic materials company’s stock valued at $746,000 after buying an additional 192 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of Huntsman by 2.5% during the second quarter. Acrospire Investment Management LLC now owns 8,208 shares of the basic materials company’s stock valued at $212,000 after buying an additional 200 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its position in shares of Huntsman by 1.3% during the second quarter. State of Wisconsin Investment Board now owns 40,029 shares of the basic materials company’s stock valued at $1,034,000 after buying an additional 510 shares during the last quarter. 75.47% of the stock is owned by institutional investors and hedge funds.

WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/13/j-p-morgan-chase-co-initiates-coverage-on-huntsman-hun.html.

Huntsman Company Profile

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.

Analyst Recommendations for Huntsman (NYSE:HUN)

Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.