Huntsman (HUN) Price Target Raised to $42.00

Huntsman (NYSE:HUN) had its price target boosted by analysts at KeyCorp from $37.00 to $42.00 in a note issued to investors on Tuesday. The brokerage currently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price objective indicates a potential upside of 31.62% from the company’s previous close.

HUN has been the topic of a number of other reports. Alembic Global Advisors reissued a “buy” rating on shares of Huntsman in a research note on Monday, November 6th. Nomura boosted their price objective on Huntsman to $40.00 and gave the company a “buy” rating in a research note on Monday, October 30th. ValuEngine downgraded Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. Jefferies Group boosted their price objective on Huntsman to $43.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Tudor Pickering initiated coverage on Huntsman in a research note on Friday, January 19th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.67.

Huntsman (NYSE:HUN) opened at $31.91 on Tuesday. The stock has a market capitalization of $7,630.00, a PE ratio of 18.49, a PEG ratio of 1.41 and a beta of 2.76. 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 52 week low of $20.65 and a 52 week high of $36.09.

In related news, VP J Kimo Esplin sold 240,793 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $30.99, for a total transaction of $7,462,175.07. Following the transaction, the vice president now directly owns 528,889 shares of the company’s stock, valued at approximately $16,390,270.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Corp Huntsman sold 1,948,955 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $21.66, for a total value of $42,214,365.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,154,548 shares of company stock worth $527,750,108. 19.00% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Eagle Global Advisors LLC bought a new stake in Huntsman during the 4th quarter worth approximately $233,000. EAM Investors LLC bought a new stake in Huntsman during the 4th quarter worth approximately $2,434,000. K2 Principal Fund L.P. bought a new stake in Huntsman during the 4th quarter worth approximately $806,000. RiverPoint Capital Management LLC bought a new stake in Huntsman during the 4th quarter worth approximately $333,000. Finally, Carillon Tower Advisers Inc. bought a new stake in Huntsman during the 4th quarter worth approximately $26,450,000. 77.87% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/13/huntsman-hun-price-target-raised-to-42-00.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.

Leave a Reply