Huntsman (HUN) PT Set at $40.00 by Alembic Global Advisors
Huntsman (NYSE:HUN) has been given a $40.00 price target by stock analysts at Alembic Global Advisors in a report released on Tuesday. The firm presently has a “buy” rating on the basic materials company’s stock. Alembic Global Advisors’ price target suggests a potential upside of 77.19% from the company’s current price.
HUN has been the subject of several other research reports. ValuEngine downgraded Huntsman from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research cut Huntsman from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Morgan Stanley initiated coverage on Huntsman in a research report on Tuesday, September 25th. They set an “equal weight” rating and a $30.00 price objective on the stock. Barclays initiated coverage on Huntsman in a research report on Monday, October 8th. They set an “underweight” rating and a $29.00 price objective on the stock. Finally, MED reiterated a “buy” rating on shares of Huntsman in a research report on Monday, September 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $35.46.
Huntsman stock traded up $0.70 during mid-day trading on Tuesday, hitting $22.58. 387,149 shares of the company’s stock traded hands, compared to its average volume of 3,878,664. Huntsman has a fifty-two week low of $19.26 and a fifty-two week high of $36.09. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 0.72 and a beta of 2.69. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.93 and a quick ratio of 1.58.
Huntsman (NYSE:HUN) last announced its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.02. Huntsman had a return on equity of 23.31% and a net margin of 9.88%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities analysts anticipate that Huntsman will post 3.5 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. FTB Advisors Inc. bought a new position in shares of Huntsman in the second quarter worth $114,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Huntsman in the second quarter worth $122,000. Point72 Hong Kong Ltd increased its position in shares of Huntsman by 46.5% in the second quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 2,235 shares during the period. Chemical Bank bought a new position in shares of Huntsman in the second quarter worth $219,000. Finally, Raymond James Trust N.A. bought a new position in shares of Huntsman in the third quarter worth $224,000. Institutional investors own 77.47% of the company’s stock.
About Huntsman
Huntsman Corporation, through its subsidiary, Huntsman International LLC, 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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