Stock analysts at Stifel Nicolaus began coverage on shares of Huntsman (NYSE:HUN) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a "buy" rating on the basic materials company's stock.
Several other research firms have also recently commented on HUN. Goldman Sachs Group raised their target price on shares of Huntsman from $21.00 to $25.00 and gave the stock a "conviction-buy" rating in a research report on Monday, August 31st. Seaport Global Securities cut shares of Huntsman from a "buy" rating to a "neutral" rating in a research report on Friday, June 19th. Alembic Global Advisors reissued a "buy" rating and set a $22.00 price target on shares of Huntsman in a research report on Tuesday, July 28th. Scotiabank lifted their price target on shares of Huntsman from $21.00 to $22.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 29th. Finally, Truist lifted their price target on shares of Huntsman from $25.00 to $26.00 in a research report on Wednesday, September 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Huntsman presently has an average rating of "Buy" and a consensus price target of $20.71.
Huntsman stock traded down $0.19 during trading hours on Wednesday, reaching $22.85. The stock had a trading volume of 1,684,584 shares, compared to its average volume of 2,156,252. The stock has a market cap of $5.08 billion, a PE ratio of 5.27, a PEG ratio of 7.74 and a beta of 2.08. Huntsman has a 52 week low of $12.23 and a 52 week high of $24.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.53 and a quick ratio of 1.09. The company has a fifty day simple moving average of $21.11 and a 200-day simple moving average of $17.96.
Huntsman (NYSE:HUN) last posted its earnings results on Tuesday, July 28th. The basic materials company reported ($0.14) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.20) by $0.06. Huntsman had a net margin of 15.78% and a return on equity of 6.41%. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same period last year, the company posted $0.63 EPS. The company's quarterly revenue was down 43.2% compared to the same quarter last year. Research analysts predict that Huntsman will post 0.59 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in HUN. Private Advisor Group LLC bought a new stake in shares of Huntsman in the second quarter worth approximately $27,000. Twin Tree Management LP bought a new stake in shares of Huntsman in the second quarter worth approximately $43,000. WASHINGTON TRUST Co bought a new stake in shares of Huntsman in the second quarter worth approximately $46,000. FDx Advisors Inc. bought a new stake in shares of Huntsman in the first quarter worth approximately $56,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Huntsman by 724.3% in the first quarter. Tower Research Capital LLC TRC now owns 7,353 shares of the basic materials company's stock worth $106,000 after acquiring an additional 6,461 shares during the period. Hedge funds and other institutional investors own 75.43% of the company's stock.
Huntsman Company Profile
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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