A number of other brokerages have also recently commented on HUN. Goldman Sachs Group raised MICHELIN COMPAG/ADR from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. Jefferies Financial Group dropped their price target on Huntsman from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, June 17th. KeyCorp cut Steris from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th. They noted that the move was a valuation call. Finally, Citigroup set a $12.00 price target on Controladora Vuela Co Avcn SA CV and gave the stock a “buy” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.90.
Shares of HUN traded up $0.30 during mid-day trading on Friday, reaching $20.73. The company had a trading volume of 2,208,600 shares, compared to its average volume of 2,579,956. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.83 and a quick ratio of 1.11. The stock’s 50-day moving average is $19.56. Huntsman has a 52 week low of $17.33 and a 52 week high of $33.55. The stock has a market capitalization of $4.73 billion, a P/E ratio of 6.21, a price-to-earnings-growth ratio of 0.90 and a beta of 2.30.
In other news, insider Scott J. Wright acquired 4,950 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average cost of $20.22 per share, for a total transaction of $100,089.00. Following the acquisition, the insider now directly owns 33,922 shares in the company, valued at $685,902.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Stryker acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average price of $19.01 per share, with a total value of $38,020.00. Following the completion of the acquisition, the vice president now owns 179,930 shares in the company, valued at $3,420,469.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 7,950 shares of company stock valued at $157,729. 5.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Icon Wealth Partners LLC purchased a new stake in Huntsman during the 1st quarter valued at $28,000. Meridian Wealth Management LLC purchased a new stake in Huntsman during the 1st quarter valued at $37,000. FinTrust Capital Advisors LLC raised its stake in Huntsman by 130.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock valued at $45,000 after buying an additional 1,143 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Huntsman by 67.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,305 shares of the basic materials company’s stock valued at $52,000 after buying an additional 931 shares during the last quarter. Finally, Pearl River Capital LLC purchased a new stake in Huntsman during the 1st quarter valued at $54,000. Institutional investors own 76.18% of the company’s stock.
Huntsman Company Profile
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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