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.
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.
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