Huntsman Co. Forecasted to Post FY2017 Earnings of $2.75 Per Share (HUN)

Huntsman Co. (NYSE:HUN) – Investment analysts at KeyCorp lifted their FY2017 earnings per share estimates for shares of Huntsman in a research report issued on Monday. KeyCorp analyst M. Sison now expects that the basic materials company will earn $2.75 per share for the year, up from their previous estimate of $2.70. KeyCorp has a “Overweight” rating and a $42.00 price target on the stock. KeyCorp also issued estimates for Huntsman’s Q1 2018 earnings at $0.65 EPS, Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.55 EPS and FY2019 earnings at $3.00 EPS.

Several other research firms also recently weighed in on HUN. Jefferies Group lifted their target price on Huntsman to $43.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Tudor Pickering began coverage on Huntsman in a research report on Friday, January 19th. They set a “buy” rating for the company. ValuEngine upgraded Huntsman from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. initiated coverage on Huntsman in a research report on Wednesday, December 13th. They set an “overweight” rating and a $36.00 target price for the company. Finally, Goldman Sachs Group restated a “hold” rating and issued a $36.00 price objective on shares of Huntsman in a report on Monday, December 4th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Huntsman has a consensus rating of “Buy” and an average price target of $34.67.

Shares of Huntsman (NYSE:HUN) opened at $32.01 on Wednesday. Huntsman has a 52-week low of $20.65 and a 52-week high of $36.09. The firm has a market capitalization of $7,632.26, a price-to-earnings ratio of 15.03, a PEG ratio of 1.46 and a beta of 2.76. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87.

Institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC bought a new position in Huntsman in the fourth quarter worth about $128,000. Assetmark Inc. raised its holdings in Huntsman by 1,658.4% in the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 3,748 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Huntsman in the fourth quarter worth about $133,000. American International Group Inc. bought a new position in Huntsman in the fourth quarter worth about $149,000. Finally, MML Investors Services LLC bought a new position in Huntsman in the fourth quarter worth about $208,000. Institutional investors and hedge funds own 77.87% of the company’s stock.

In related news, major shareholder Corp Huntsman sold 21,764,800 shares of Huntsman stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony P. Hankins sold 100,000 shares of Huntsman stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $33.24, for a total value of $3,324,000.00. The disclosure for this sale can be found here. Insiders sold 24,154,548 shares of company stock valued at $527,750,108 over the last 90 days. 19.00% of the stock is currently owned by corporate insiders.

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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.

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