Tudor Pickering Initiates Coverage on Huntsman (HUN)

Stock analysts at Tudor Pickering started coverage on shares of Huntsman (NYSE:HUN) in a note issued to investors on Friday, The Fly reports. The firm set a “buy” rating on the basic materials company’s stock.

A number of other equities research analysts also recently weighed in on HUN. Wells Fargo & Co raised shares of Huntsman from a “market perform” rating to an “outperform” rating and raised their target price for the company from $30.00 to $32.00 in a research note on Thursday, September 28th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Huntsman in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Huntsman from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Wednesday, October 11th. KeyCorp reaffirmed a “buy” rating and issued a $34.00 target price on shares of Huntsman in a research note on Tuesday, October 17th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $32.00 target price on shares of Huntsman in a research note on Friday, October 27th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Huntsman currently has an average rating of “Buy” and an average target price of $33.00.

Shares of Huntsman (NYSE HUN) traded up $0.50 on Friday, reaching $34.78. 2,847,256 shares of the company were exchanged, compared to its average volume of 1,642,855. The stock has a market capitalization of $8,227.48, a P/E ratio of 16.33, a P/E/G ratio of 1.71 and a beta of 2.85. 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 has a 1-year low of $19.57 and a 1-year high of $35.02.

Huntsman (NYSE:HUN) last announced its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. Huntsman had a net margin of 5.35% and a return on equity of 17.84%. Huntsman’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. research analysts anticipate that Huntsman will post 2.74 EPS for the current year.

In other Huntsman news, CEO Anthony P. Hankins sold 100,000 shares of Huntsman stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $33.24, for a total transaction of $3,324,000.00. Following the transaction, the chief executive officer now directly owns 462,615 shares of the company’s stock, valued at $15,377,322.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP J Kimo Esplin sold 428,571 shares of Huntsman stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $31.54, for a total transaction of $13,517,129.34. Following the transaction, the vice president now directly owns 925,271 shares in the company, valued at $29,183,047.34. The disclosure for this sale can be found here. Insiders have sold 25,210,738 shares of company stock worth $561,179,159 over the last three months. Insiders own 19.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of Huntsman by 58.6% in the second quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock worth $10,287,000 after buying an additional 147,090 shares during the period. Principal Financial Group Inc. increased its stake in shares of Huntsman by 20.4% in the third quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock worth $158,832,000 after buying an additional 983,408 shares during the period. Rational Advisors LLC purchased a new position in shares of Huntsman in the third quarter worth $269,000. JPMorgan Chase & Co. increased its stake in shares of Huntsman by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 5,466,615 shares of the basic materials company’s stock worth $149,566,000 after buying an additional 75,590 shares during the period. Finally, IndexIQ Advisors LLC increased its stake in shares of Huntsman by 20.5% in the third quarter. IndexIQ Advisors LLC now owns 944,235 shares of the basic materials company’s stock worth $25,891,000 after buying an additional 160,547 shares during the period. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for Huntsman (NYSE:HUN)

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