Huntsman’s (HUN) “Sell” Rating Reiterated at Barclays

Barclays reissued their sell rating on shares of Huntsman (NYSE:HUN) in a research note issued to investors on Wednesday morning, AnalystRatings.com reports. Barclays currently has a $19.00 target price on the basic materials company’s stock.

A number of other equities research analysts also recently weighed in on HUN. ValuEngine upgraded shares of Huntsman from a strong sell rating to a sell rating in a research note on Friday, July 19th. KeyCorp reduced their price target on shares of Huntsman from $28.00 to $27.00 and set an overweight rating on the stock in a research note on Tuesday, July 9th. Citigroup set a $21.00 price target on shares of Huntsman and gave the company a hold rating in a research note on Monday, July 15th. Jefferies Financial Group reduced their price target on shares of Huntsman from $33.00 to $30.00 and set a buy rating on the stock in a research note on Monday, June 17th. Finally, Goldman Sachs Group upgraded shares of Huntsman from a neutral rating to a buy rating and set a $31.00 price target on the stock in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $27.55.

Shares of HUN traded down $0.71 during mid-day trading on Wednesday, reaching $19.12. The company had a trading volume of 1,923,936 shares, compared to its average volume of 2,361,077. The business’s 50 day moving average price is $20.13. Huntsman has a 1-year low of $17.33 and a 1-year high of $33.04. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 0.96. The company has a market cap of $4.55 billion, a P/E ratio of 5.72, a price-to-earnings-growth ratio of 0.96 and a beta of 2.29.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Huntsman had a negative net margin of 1.37% and a positive return on equity of 18.68%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, analysts anticipate that Huntsman will post 2.29 earnings per share for the current year.

In other Huntsman news, VP David M. Stryker bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average cost of $19.01 per share, for a total transaction of $38,020.00. Following the transaction, the vice president now directly owns 179,930 shares in the company, valued at $3,420,469.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott J. Wright bought 4,950 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average price of $20.22 per share, for a total transaction of $100,089.00. Following the completion of the transaction, the insider now owns 33,922 shares in the company, valued at $685,902.84. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 7,950 shares of company stock worth $157,729. 5.60% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. increased its stake in shares of Huntsman by 3.5% in the 1st quarter. Alps Advisors Inc. now owns 16,734 shares of the basic materials company’s stock valued at $376,000 after acquiring an additional 564 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Huntsman by 3.6% in the 1st quarter. CIBC Private Wealth Group LLC now owns 22,641 shares of the basic materials company’s stock valued at $509,000 after acquiring an additional 784 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Huntsman by 67.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,305 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 931 shares in the last quarter. Private Capital Group LLC increased its stake in shares of Huntsman by 57.0% in the 1st quarter. Private Capital Group LLC now owns 2,775 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 1,008 shares in the last quarter. Finally, FinTrust Capital Advisors LLC increased its stake in shares of Huntsman by 130.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 1,143 shares in the last quarter. Hedge funds and other institutional investors own 76.09% of the company’s stock.

About Huntsman

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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