Huntsman Co. (NYSE:HUN) has received an average rating of “Buy” from the twenty-one brokerages that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $24.59.
HUN has been the topic of several recent analyst reports. Truist increased their target price on Huntsman from $25.00 to $26.00 in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft started coverage on Huntsman in a research report on Thursday, October 15th. They set a “buy” rating and a $30.00 target price on the stock. Wells Fargo & Company upped their price target on Huntsman from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Morgan Stanley upped their price target on Huntsman from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, December 14th. Finally, Scotiabank upgraded Huntsman from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $22.00 to $29.00 in a research note on Friday, October 30th.
In related news, Director Mary C. Beckerle sold 15,251 shares of the stock in a transaction dated Tuesday, November 24th. The stock was sold at an average price of $26.17, for a total value of $399,118.67. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $52,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.40% of the company’s stock.
NYSE HUN opened at $25.14 on Wednesday. The business’s 50-day moving average price is $25.30 and its 200 day moving average price is $22.33. Huntsman has a twelve month low of $12.23 and a twelve month high of $26.58. The company has a market capitalization of $5.55 billion, a PE ratio of 5.66, a price-to-earnings-growth ratio of 6.54 and a beta of 1.56. The company has a current ratio of 1.56, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.
Huntsman (NYSE:HUN) last released its earnings results on Thursday, October 29th. The basic materials company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.07. Huntsman had a return on equity of 5.27% and a net margin of 16.55%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. Equities analysts predict that Huntsman will post 0.83 EPS for the current year.
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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