Huntsman (NYSE:HUN) Upgraded at ValuEngine

Huntsman (NYSE:HUN) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday, ValuEngine reports.

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.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Huntsman had a return on equity of 19.90% and a net margin of 2.00%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. On average, research analysts anticipate that Huntsman will post 2.67 earnings per share for the current year.

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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Analyst Recommendations for Huntsman (NYSE:HUN)

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