Huntsman (NYSE:HUN) had its price target hoisted by Scotiabank from $21.00 to $22.00 in a research report sent to investors on Wednesday morning, BenzingaRatingsTable reports. The firm currently has a sector perform rating on the basic materials company’s stock.
A number of other analysts have also recently issued reports on the company. Seaport Global Securities cut Huntsman from a buy rating to a neutral rating in a research report on Friday, June 19th. Barclays cut their price objective on Huntsman from $19.00 to $15.00 and set an underweight rating on the stock in a research note on Monday, May 4th. Vertical Research downgraded Huntsman from a buy rating to a hold rating in a report on Monday, May 4th. Citigroup dropped their price target on shares of Huntsman from $24.00 to $17.00 and set a buy rating on the stock in a research report on Thursday, April 9th. Finally, KeyCorp upped their price objective on shares of Huntsman from $21.00 to $23.00 and gave the stock an overweight rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Huntsman has an average rating of Hold and an average price target of $20.19.
NYSE:HUN opened at $18.50 on Wednesday. The business’s fifty day moving average price is $18.37 and its 200 day moving average price is $18.04. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 4.25, a PEG ratio of 9.19 and a beta of 2.07. The company has a current ratio of 1.53, a quick ratio of 1.56 and a debt-to-equity ratio of 0.58. Huntsman has a 1-year low of $12.23 and a 1-year high of $24.90.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUN. First Republic Investment Management Inc. increased its stake in Huntsman by 39.7% during the 4th quarter. First Republic Investment Management Inc. now owns 15,623 shares of the basic materials company’s stock worth $377,000 after purchasing an additional 4,440 shares in the last quarter. Man Group plc lifted its position in shares of Huntsman by 114.1% during the 4th quarter. Man Group plc now owns 316,418 shares of the basic materials company’s stock worth $7,645,000 after buying an additional 168,661 shares during the last quarter. Alliancebernstein L.P. grew its position in Huntsman by 131.1% in the fourth quarter. Alliancebernstein L.P. now owns 527,277 shares of the basic materials company’s stock valued at $12,739,000 after acquiring an additional 299,078 shares during the last quarter. Geode Capital Management LLC grew its position in Huntsman by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 3,790,867 shares of the basic materials company’s stock valued at $91,587,000 after acquiring an additional 210,153 shares during the last quarter. Finally, Verus Capital Partners LLC acquired a new position in Huntsman during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 77.63% of the company’s stock.
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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