Research Analysts Set Expectations for Huntsman Co.’s Q4 2017 Earnings (HUN)

Huntsman Co. (NYSE:HUN) – Investment analysts at KeyCorp raised their Q4 2017 earnings per share (EPS) estimates for shares of Huntsman in a research note issued to investors on Monday. KeyCorp analyst M. Sison now expects that the basic materials company will post earnings per share of $0.66 for the quarter, up from their prior estimate of $0.61. KeyCorp currently has a “Overweight” rating and a $42.00 price target on the stock.

Other equities analysts also recently issued reports about the company. SunTrust Banks reiterated 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. UBS Group increased their target price on Huntsman from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Goldman Sachs Group restated a “hold” rating and set a $36.00 price target on shares of Huntsman in a research note on Monday, December 4th. ValuEngine upgraded Huntsman from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. initiated coverage on Huntsman in a research note on Wednesday, December 13th. They set an “overweight” rating and a $36.00 price target for the company. 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 an average rating of “Buy” and a consensus target price of $34.67.

Huntsman (NYSE HUN) opened at $32.82 on Thursday. Huntsman has a 12-month low of $20.65 and a 12-month high of $36.09. The firm has a market capitalization of $7,682.66, a PE ratio of 15.41, a P/E/G ratio of 1.45 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.

In other Huntsman news, CEO Anthony P. Hankins sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $33.24, for a total transaction of $3,324,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Corp Huntsman sold 21,764,800 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $21.66, for a total value of $471,425,568.00. The disclosure for this sale can be found here. Insiders have 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 insiders.

Several hedge funds have recently bought and sold shares of HUN. Northern Trust Corp grew its stake in shares of Huntsman by 6.4% in the second quarter. Northern Trust Corp now owns 1,134,652 shares of the basic materials company’s stock valued at $29,320,000 after buying an additional 68,456 shares in the last quarter. FMR LLC grew its stake in shares of Huntsman by 35.5% in the second quarter. FMR LLC now owns 1,340,699 shares of the basic materials company’s stock valued at $34,643,000 after buying an additional 351,047 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Huntsman by 11.4% in the second quarter. Voya Investment Management LLC now owns 66,523 shares of the basic materials company’s stock valued at $1,719,000 after buying an additional 6,785 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Huntsman by 188,146.3% in the second quarter. Macquarie Group Ltd. now owns 231,543 shares of the basic materials company’s stock valued at $5,983,000 after buying an additional 231,420 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Huntsman during the 2nd quarter valued at approximately $1,297,000. Institutional investors and hedge funds own 77.87% of the company’s stock.

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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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