Huntsman Corporation (HUN) Price Target Increased to $35.00 by Analysts at UBS AG
Huntsman Corporation (NYSE:HUN) had its price objective lifted by UBS AG from $32.00 to $35.00 in a report published on Monday morning. UBS AG currently has a buy rating on the basic materials company’s stock.
A number of other equities research analysts have also issued reports on HUN. BidaskClub raised Huntsman Corporation from a buy rating to a strong-buy rating in a research report on Thursday, July 6th. Instinet reaffirmed a buy rating and set a $30.00 target price on shares of Huntsman Corporation in a research report on Sunday, July 9th. Jefferies Group LLC reaffirmed a buy rating and set a $29.00 target price on shares of Huntsman Corporation in a research report on Friday, July 14th. KeyCorp raised Huntsman Corporation from a sector weight rating to an overweight rating and set a $34.00 target price on the stock in a research report on Monday, July 24th. Finally, Alembic Global Advisors set a $28.00 target price on Huntsman Corporation and gave the stock a buy rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $31.55.
Shares of Huntsman Corporation (NYSE:HUN) traded up 2.10% on Monday, hitting $32.02. The stock had a trading volume of 7,981,526 shares. Huntsman Corporation has a 12-month low of $16.31 and a 12-month high of $32.23. The firm has a market cap of $7.69 billion, a P/E ratio of 18.15 and a beta of 2.79. The company’s 50-day moving average price is $28.26 and its 200 day moving average price is $26.26.
Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.17. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. Huntsman Corporation had a return on equity of 34.90% and a net margin of 5.37%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, equities research analysts forecast that Huntsman Corporation will post $2.50 earnings per share for the current fiscal year.
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Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in shares of Huntsman Corporation during the 1st quarter worth about $122,000. Wellington Management Group LLP bought a new stake in shares of Huntsman Corporation during the 1st quarter worth about $1,308,000. FMR LLC boosted its stake in shares of Huntsman Corporation by 10.8% during the 1st quarter. FMR LLC now owns 989,652 shares of the basic materials company’s stock worth $24,286,000 after acquiring an additional 96,781 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Huntsman Corporation by 0.6% during the 1st quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock worth $432,000 after acquiring an additional 100 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Huntsman Corporation by 12,556.8% during the 1st quarter. BlackRock Inc. now owns 10,242,161 shares of the basic materials company’s stock worth $251,343,000 after acquiring an additional 10,161,239 shares in the last quarter. 75.00% of the stock is currently owned by institutional investors.
Huntsman Corporation 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.
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