Huntsman (HUN) Hits New 1-Year Low at $19.26

Huntsman Co. (NYSE:HUN) hit a new 52-week low on Tuesday . The company traded as low as $19.26 and last traded at $20.95, with a volume of 275001 shares changing hands. The stock had previously closed at $20.78.

Several research firms recently weighed in on HUN. Zacks Investment Research downgraded Huntsman from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Royal Bank of Canada reissued a “buy” rating and set a $38.00 price objective on shares of Huntsman in a report on Wednesday, August 1st. Citigroup downgraded Huntsman from a “buy” rating to a “neutral” rating and cut their price objective for the company from $43.00 to $30.00 in a report on Monday, October 1st. Seaport Global Securities began coverage on Huntsman in a report on Friday, August 24th. They set a “buy” rating on the stock. Finally, Barclays began coverage on Huntsman in a report on Monday, October 8th. They set an “underweight” rating and a $29.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Huntsman currently has an average rating of “Hold” and an average target price of $36.08.

The firm has a market capitalization of $4.93 billion, a P/E ratio of 8.66, a PEG ratio of 0.69 and a beta of 2.70. The company has a quick ratio of 1.58, a current ratio of 1.93 and a debt-to-equity ratio of 0.57.



Huntsman (NYSE:HUN) last announced its earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.24 billion. Huntsman had a return on equity of 24.14% and a net margin of 11.92%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. As a group, equities research analysts predict that Huntsman Co. will post 3.5 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in HUN. LPL Financial LLC lifted its stake in Huntsman by 62.4% in the first quarter. LPL Financial LLC now owns 20,862 shares of the basic materials company’s stock worth $610,000 after acquiring an additional 8,018 shares during the last quarter. Guggenheim Capital LLC increased its stake in Huntsman by 21.6% in the 1st quarter. Guggenheim Capital LLC now owns 116,138 shares of the basic materials company’s stock valued at $3,396,000 after buying an additional 20,604 shares during the period. Royal Bank of Canada increased its stake in Huntsman by 28.5% in the 1st quarter. Royal Bank of Canada now owns 256,096 shares of the basic materials company’s stock valued at $7,491,000 after buying an additional 56,797 shares during the period. Xact Kapitalforvaltning AB increased its stake in Huntsman by 32.9% in the 1st quarter. Xact Kapitalforvaltning AB now owns 24,213 shares of the basic materials company’s stock valued at $708,000 after buying an additional 6,000 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Huntsman in the 1st quarter valued at $772,000. 77.47% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman Company Profile (NYSE:HUN)

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.

Read More: Day Trading – Risk Worth the Reward?

Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply