StockNews.com Begins Coverage on Huntsman (NYSE:HUN)

Research analysts at StockNews.com assumed coverage on shares of Huntsman (NYSE:HUN – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the basic materials company’s stock.

Other analysts also recently issued reports about the company. UBS Group raised their price objective on Huntsman from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 11th. Wells Fargo & Company raised their target price on Huntsman from $28.00 to $31.00 and gave the company an “equal weight” rating in a report on Wednesday, February 22nd. Credit Suisse Group raised their target price on Huntsman from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, December 9th. Royal Bank of Canada lowered their target price on Huntsman from $33.00 to $30.00 and set a “sector perform” rating for the company in a report on Thursday, February 23rd. Finally, The Goldman Sachs Group raised their target price on Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, December 15th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.67.

Huntsman Stock Down 1.8 %

Shares of HUN opened at $27.28 on Thursday. The stock has a fifty day simple moving average of $30.50 and a two-hundred day simple moving average of $28.20. The company has a quick ratio of 1.26, a current ratio of 1.85 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $5.01 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. Huntsman has a 52-week low of $23.53 and a 52-week high of $40.62.

Huntsman (NYSE:HUN – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.58 billion. Huntsman had a return on equity of 16.03% and a net margin of 5.47%. The firm’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 earnings per share. As a group, equities analysts forecast that Huntsman will post 1.96 EPS for the current year.

Institutional Investors Weigh In On Huntsman

Several institutional investors have recently added to or reduced their stakes in HUN. Invesco Ltd. lifted its stake in Huntsman by 69.8% during the first quarter. Invesco Ltd. now owns 4,556,712 shares of the basic materials company’s stock worth $170,921,000 after purchasing an additional 1,873,388 shares during the last quarter. Norges Bank purchased a new stake in Huntsman during the fourth quarter worth approximately $47,780,000. Dimensional Fund Advisors LP lifted its stake in Huntsman by 19.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,428,507 shares of the basic materials company’s stock worth $259,096,000 after purchasing an additional 1,558,767 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Huntsman by 232.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,122,744 shares of the basic materials company’s stock worth $58,333,000 after purchasing an additional 1,484,895 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Huntsman by 280.2% during the second quarter. AQR Capital Management LLC now owns 1,738,365 shares of the basic materials company’s stock worth $48,918,000 after purchasing an additional 1,281,161 shares during the last quarter. Hedge funds and other institutional investors own 87.57% of the company’s stock.

About Huntsman

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Huntsman Corp. engages in the manufacturing of differentiated organic chemical products. It operates through the following segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE.