Huntsman (HUN) Lifted to “Buy” at Nomura

Huntsman (NYSE:HUN) was upgraded by stock analysts at Nomura from a “neutral” rating to a “buy” rating in a research report issued on Monday, FinViz reports. The firm presently has a $30.00 price objective on the basic materials company’s stock, up from their prior price objective of $26.00. Nomura’s price target indicates a potential upside of 20.58% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a report on Monday, December 31st. ValuEngine raised Huntsman from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. JPMorgan Chase & Co. downgraded Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 target price for the company. in a report on Wednesday, February 13th. Royal Bank of Canada dropped their target price on Huntsman from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. Finally, Barclays set a $21.00 target price on Huntsman and gave the stock a “sell” rating in a report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.05.

HUN stock traded up $0.13 during midday trading on Monday, reaching $24.88. 29,225 shares of the company were exchanged, compared to its average volume of 2,719,291. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.84 and a quick ratio of 1.13. Huntsman has a one year low of $17.58 and a one year high of $33.55. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 1.01 and a beta of 2.25.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Tuesday, February 12th. The basic materials company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Huntsman had a return on equity of 22.21% and a net margin of 3.59%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the firm earned $0.76 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Research analysts anticipate that Huntsman will post 2.81 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Scout Investments Inc. acquired a new position in Huntsman in the first quarter valued at about $35,789,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Huntsman during the first quarter worth about $428,000. DNB Asset Management AS grew its holdings in shares of Huntsman by 1.4% during the first quarter. DNB Asset Management AS now owns 779,718 shares of the basic materials company’s stock worth $17,536,000 after purchasing an additional 10,694 shares during the last quarter. Virginia National Bank bought a new stake in shares of Huntsman during the first quarter worth about $2,257,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of Huntsman by 125.4% during the first quarter. State of Alaska Department of Revenue now owns 52,232 shares of the basic materials company’s stock worth $1,174,000 after purchasing an additional 29,061 shares during the last quarter. 76.46% of the stock is owned by institutional investors and hedge funds.

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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