Credit Suisse Group Initiates Coverage on Huntsman (NYSE:HUN)
Equities research analysts at Credit Suisse Group began coverage on shares of Huntsman (NYSE:HUN – Get Rating) in a research report issued on Monday, The Fly reports. The firm set an “outperform” rating on the basic materials company’s stock.
A number of other research analysts have also recently weighed in on HUN. Royal Bank of Canada boosted their price objective on shares of Huntsman from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, August 11th. StockNews.com cut shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Huntsman from $40.00 to $35.00 in a research note on Wednesday, August 3rd. UBS Group lowered Huntsman from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a report on Wednesday, August 3rd. Finally, Citigroup reduced their price target on Huntsman from $35.00 to $34.00 in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Huntsman has an average rating of “Moderate Buy” and an average target price of $43.23.
Huntsman Price Performance
Shares of Huntsman stock opened at $27.28 on Monday. The firm has a market cap of $5.49 billion, a PE ratio of 4.70, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. Huntsman has a 12-month low of $25.02 and a 12-month high of $41.65. The company has a quick ratio of 1.26, a current ratio of 2.12 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $28.94 and its two hundred day simple moving average is $32.89.
Huntsman (NYSE:HUN – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.14. Huntsman had a net margin of 13.45% and a return on equity of 22.23%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the company posted $0.86 EPS. Huntsman’s revenue was up 16.7% on a year-over-year basis. As a group, equities analysts expect that Huntsman will post 4.35 EPS for the current year.
Insider Buying and Selling
In other Huntsman news, VP David M. Stryker purchased 10,000 shares of the stock in a transaction dated Friday, August 12th. The shares were acquired at an average price of $29.90 per share, for a total transaction of $299,000.00. Following the completion of the acquisition, the vice president now owns 341,614 shares of the company’s stock, valued at approximately $10,214,258.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Curtis E. Espeland purchased 15,000 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was purchased at an average price of $30.18 per share, with a total value of $452,700.00. Following the acquisition, the director now directly owns 18,533 shares in the company, valued at approximately $559,325.94. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David M. Stryker acquired 10,000 shares of the stock in a transaction dated Friday, August 12th. The stock was bought at an average price of $29.90 per share, for a total transaction of $299,000.00. Following the completion of the purchase, the vice president now owns 341,614 shares in the company, valued at approximately $10,214,258.60. The disclosure for this purchase can be found here. Insiders own 6.40% of the company’s stock.
Institutional Investors Weigh In On Huntsman
Large investors have recently bought and sold shares of the business. Starboard Value LP raised its stake in Huntsman by 55.4% during the 4th quarter. Starboard Value LP now owns 18,026,236 shares of the basic materials company’s stock worth $628,755,000 after buying an additional 6,428,092 shares during the period. First Trust Advisors LP lifted its position in Huntsman by 773.3% during the first quarter. First Trust Advisors LP now owns 7,122,627 shares of the basic materials company’s stock worth $267,170,000 after acquiring an additional 6,307,003 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of Huntsman by 409.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,735,693 shares of the basic materials company’s stock valued at $95,420,000 after buying an additional 2,198,907 shares in the last quarter. Invesco Ltd. increased its stake in Huntsman by 69.8% in the first quarter. Invesco Ltd. now owns 4,556,712 shares of the basic materials company’s stock valued at $170,921,000 after acquiring an additional 1,873,388 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Huntsman by 280.2% in the second quarter. AQR Capital Management LLC now owns 1,738,365 shares of the basic materials company’s stock valued at $48,918,000 after acquiring an additional 1,281,161 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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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