KeyCorp Begins Coverage on Huntsman (NYSE:HUN)

Analysts at KeyCorp began coverage on shares of Huntsman (NYSE:HUN) in a research note issued on Friday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $14.00 price target on the basic materials company’s stock. KeyCorp’s price objective points to a potential upside of 47.01% from the company’s current price. KeyCorp also issued estimates for Huntsman’s Q3 2026 earnings at $0.11 EPS and FY2028 earnings at $0.05 EPS.

A number of other brokerages also recently commented on HUN. The Goldman Sachs Group set a $12.00 price objective on shares of Huntsman in a research report on Thursday, July 16th. Royal Bank Of Canada cut their price objective on Huntsman from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 3rd. Weiss Ratings cut Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Bank of America upped their price objective on shares of Huntsman from $10.00 to $11.00 and gave the company an “underperform” rating in a report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price target on shares of Huntsman in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Huntsman has a consensus rating of “Hold” and a consensus target price of $12.62.

Huntsman Stock Down 0.6%

Huntsman stock opened at $9.52 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.78 and a debt-to-equity ratio of 0.59. Huntsman has a 1-year low of $7.30 and a 1-year high of $16.08. The company has a fifty day simple moving average of $10.65 and a 200 day simple moving average of $12.30. The company has a market cap of $1.67 billion, a P/E ratio of -9.16 and a beta of 0.70.

Insiders Place Their Bets

In other news, CEO Peter R. Huntsman purchased 100,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average price of $9.81 per share, with a total value of $981,000.00. Following the completion of the transaction, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at $71,184,705.21. The trade was a 1.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is owned by corporate insiders.

Institutional Trading of Huntsman

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new stake in shares of Huntsman during the second quarter worth about $906,000. Nykredit A S bought a new stake in shares of Huntsman in the second quarter valued at $32,000. Corient Private Wealth LP boosted its position in Huntsman by 18.4% during the second quarter. Corient Private Wealth LP now owns 67,330 shares of the basic materials company’s stock worth $715,000 after purchasing an additional 10,485 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Huntsman in the 2nd quarter worth approximately $672,000. Finally, California State Teachers Retirement System lifted its holdings in shares of Huntsman by 942.0% in the second quarter. California State Teachers Retirement System now owns 2,008,051 shares of the basic materials company’s stock worth $21,326,000 after buying an additional 1,815,348 shares in the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.