Huntsman Corporation (NYSE:HUN) had its price objective increased by UBS AG from $32.00 to $35.00 in a research note published on Monday morning, www.benzinga.com reports. UBS AG currently has a buy rating on the basic materials company’s stock.
Other research analysts have also recently issued research reports about the stock. Jefferies Group LLC reissued a buy rating and issued a $29.00 target price on shares of Huntsman Corporation in a report on Friday, July 14th. Instinet reissued a buy rating and issued a $30.00 target price on shares of Huntsman Corporation in a report on Sunday, July 9th. KeyCorp reissued a buy rating and issued a $34.00 target price on shares of Huntsman Corporation in a report on Friday, September 1st. Alembic Global Advisors set a $28.00 target price on shares of Huntsman Corporation and gave the stock a buy rating in a report on Thursday, July 27th. Finally, BidaskClub cut shares of Huntsman Corporation from a strong-buy rating to a buy rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $31.55.
Shares of Huntsman Corporation (NYSE:HUN) traded down $0.11 during trading hours on Monday, reaching $31.72. The company’s stock had a trading volume of 4,149,082 shares, compared to its average volume of 5,218,401. The firm has a market cap of $7.60 billion, a P/E ratio of 13.25 and a beta of 2.87.
Huntsman Corporation (NYSE:HUN) last posted its earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.17. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. research analysts expect that Huntsman Corporation will post 2.61 earnings per share for the current fiscal year.
In other Huntsman Corporation news, Chairman Jon M. Huntsman sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $32.32, for a total transaction of $3,232,000.00. Following the completion of the sale, the chairman now owns 115,206 shares of the company’s stock, valued at approximately $3,723,457.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony P. Hankins sold 80,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the sale, the chief executive officer now directly owns 442,615 shares of the company’s stock, valued at approximately $14,110,566.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 992,181 shares of company stock valued at $31,413,933. 19.00% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Huntsman Corporation by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock valued at $609,090,000 after purchasing an additional 1,528,072 shares during the period. BlackRock Inc. increased its position in Huntsman Corporation by 9.2% during the 2nd quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock valued at $288,925,000 after purchasing an additional 939,083 shares during the period. CNH Partners LLC acquired a new stake in Huntsman Corporation during the 2nd quarter valued at approximately $173,105,000. Principal Financial Group Inc. increased its position in Huntsman Corporation by 20.4% during the 3rd quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock valued at $158,832,000 after purchasing an additional 983,408 shares during the period. Finally, Farallon Capital Management LLC acquired a new stake in Huntsman Corporation during the 2nd quarter valued at approximately $140,053,000. 75.00% of the stock is owned by institutional investors and hedge funds.
Huntsman Corporation Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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