Huntsman Co. (HUN) Given Average Recommendation of “Buy” by Brokerages

Shares of Huntsman Co. (NYSE:HUN) have been assigned an average recommendation of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $35.27.

HUN has been the topic of several recent analyst reports. Nomura upped their price target on shares of Huntsman to $40.00 and gave the company a “buy” rating in a report on Monday, October 30th. SunTrust Banks reaffirmed a “buy” rating and issued a $32.00 price target on shares of Huntsman in a report on Friday, October 27th. They noted that the move was a valuation call. Alembic Global Advisors reaffirmed a “buy” rating on shares of Huntsman in a report on Monday, November 6th. JPMorgan Chase & Co. initiated coverage on shares of Huntsman in a report on Wednesday, December 13th. They issued an “overweight” rating and a $36.00 price target on the stock. Finally, UBS Group upped their price target on shares of Huntsman from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 30th.

In other Huntsman news, VP J Kimo Esplin sold 240,793 shares of the business’s stock in a transaction on 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 sale, the vice president now owns 528,889 shares in the company, valued at $16,390,270.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Corp Huntsman sold 21,764,800 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $21.66, for a total transaction of $471,425,568.00. The disclosure for this sale can be found here. Insiders sold 24,154,548 shares of company stock worth $527,750,108 over the last ninety days. 19.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Huntsman by 58.6% during the second quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock valued at $10,287,000 after purchasing an additional 147,090 shares during the last quarter. Principal Financial Group Inc. increased its stake in Huntsman by 20.4% during the third quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock valued at $158,832,000 after purchasing an additional 983,408 shares during the last quarter. Rational Advisors LLC bought a new stake in Huntsman during the third quarter valued at $269,000. JPMorgan Chase & Co. increased its stake in Huntsman by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 5,466,615 shares of the basic materials company’s stock valued at $149,566,000 after purchasing an additional 75,590 shares during the last quarter. Finally, IndexIQ Advisors LLC increased its stake in Huntsman by 20.5% during the third quarter. IndexIQ Advisors LLC now owns 944,235 shares of the basic materials company’s stock valued at $25,891,000 after purchasing an additional 160,547 shares during the last quarter. Hedge funds and other institutional investors own 77.87% of the company’s stock.

Huntsman (NYSE HUN) traded up $0.21 during midday trading on Tuesday, hitting $32.01. 1,754,422 shares of the stock were exchanged, compared to its average volume of 2,898,317. Huntsman has a twelve month low of $20.65 and a twelve month high of $36.09. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $7,630.00, a PE ratio of 18.61, a P/E/G ratio of 1.41 and a beta of 2.76.

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About Huntsman

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)

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