Research Analysts Set Expectations for Huntsman Co.’s Q4 2017 Earnings (HUN)
Huntsman Co. (NYSE:HUN) – Research analysts at KeyCorp upped their Q4 2017 earnings per share (EPS) estimates for shares of Huntsman in a note issued to investors on Monday. KeyCorp analyst M. Sison now forecasts that the basic materials company will post earnings per share of $0.66 for the quarter, up from their prior forecast of $0.61. KeyCorp has a “Overweight” rating and a $42.00 price objective on the stock.
A number of other brokerages have also recently weighed in on HUN. Nomura boosted their price target on Huntsman to $40.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. SunTrust Banks reiterated a “buy” rating and issued a $32.00 price objective on shares of Huntsman in a research note on Friday, October 27th. They noted that the move was a valuation call. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman in a research note on Monday, November 6th. JPMorgan Chase & Co. began coverage on Huntsman in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $36.00 price objective on the stock. Finally, UBS Group lifted their price objective on Huntsman from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $34.67.
In related news, VP J Kimo Esplin sold 240,793 shares of the business’s stock in a transaction dated 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 in the company, valued at $16,390,270.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Corp Huntsman sold 21,764,800 shares of the business’s 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 worth $527,750,108 over the last 90 days. Corporate insiders own 19.00% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of HUN. Northern Trust Corp increased its stake in Huntsman by 6.4% during 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 acquiring an additional 68,456 shares during the period. FMR LLC increased its stake in Huntsman by 35.5% during the second quarter. FMR LLC now owns 1,340,699 shares of the basic materials company’s stock valued at $34,643,000 after acquiring an additional 351,047 shares during the period. Voya Investment Management LLC increased its stake in Huntsman by 11.4% during 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 acquiring an additional 6,785 shares during the period. Macquarie Group Ltd. increased its stake in Huntsman by 188,146.3% during the second quarter. Macquarie Group Ltd. now owns 231,543 shares of the basic materials company’s stock valued at $5,983,000 after acquiring an additional 231,420 shares during the period. Finally, Janus Henderson Group PLC bought a new position in Huntsman during the second quarter valued at about $1,297,000. Hedge funds and other institutional investors own 77.87% of the company’s stock.
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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.
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