Huntsman Co. (NYSE:HUN) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 3,140,000 shares, an increase of 17.2% from the January 15th total of 2,680,000 shares. Based on an average daily volume of 1,730,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.6% of the company’s stock are short sold.

A number of equities research analysts have commented on the stock. SunTrust Banks dropped their price objective on shares of Huntsman to $29.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Cfra dropped their target price on shares of Huntsman from $21.00 to $20.00 and set a “sell” rating on the stock in a research report on Thursday. TheStreet downgraded shares of Huntsman from a “b” rating to a “c+” rating in a research report on Tuesday, October 29th. Bank of America began coverage on shares of Huntsman in a research report on Wednesday, January 15th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, Citigroup dropped their target price on shares of Huntsman from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $25.48.

Large investors have recently modified their holdings of the stock. Usca Ria LLC acquired a new stake in Huntsman during the 3rd quarter worth $35,000. Covington Capital Management acquired a new stake in Huntsman during the 3rd quarter worth $41,000. Parkside Financial Bank & Trust boosted its stake in Huntsman by 547.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,897 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 1,604 shares during the period. Howe & Rusling Inc. boosted its stake in Huntsman by 856.2% during the 3rd quarter. Howe & Rusling Inc. now owns 2,792 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 2,500 shares during the period. Finally, Great Diamond Partners LLC acquired a new stake in Huntsman during the 4th quarter worth $65,000. Hedge funds and other institutional investors own 73.77% of the company’s stock.

Shares of NYSE HUN traded down $0.48 during mid-day trading on Friday, reaching $21.06. The company had a trading volume of 2,572,390 shares, compared to its average volume of 1,941,793. The company has a current ratio of 1.96, a quick ratio of 1.45 and a debt-to-equity ratio of 0.97. The firm has a 50 day simple moving average of $22.49 and a two-hundred day simple moving average of $22.20. The stock has a market cap of $4.89 billion, a P/E ratio of -65.81, a PEG ratio of 1.20 and a beta of 2.35. Huntsman has a 52-week low of $17.33 and a 52-week high of $25.66.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Huntsman had a negative net margin of 0.99% and a positive return on equity of 17.06%. Huntsman’s quarterly revenue was down 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. On average, equities analysts expect that Huntsman will post 1.79 EPS for the current year.

About Huntsman

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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