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.
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.
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.
- Get a free copy of the StockNews.com research report on Huntsman (HUN)
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