Equities research analysts at KeyCorp started coverage on shares of Huntsman (NYSE:HUN) in a note issued to investors on Wednesday, The Fly reports. The brokerage set an “overweight” rating on the basic materials company’s stock.
Other equities research analysts have also recently issued research reports about the company. Cfra decreased their target price on Huntsman from $21.00 to $20.00 and set a “sell” rating for the company in a research note on Thursday, February 13th. Citigroup dropped their price target on Huntsman from $28.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Bank of America started coverage on Huntsman in a report on Wednesday, January 15th. They set a “buy” rating and a $27.00 price target on the stock. UBS Group reduced their price objective on shares of Huntsman from $27.00 to $18.00 and set a “buy” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Huntsman from $21.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $23.02.
HUN stock traded up $1.35 during midday trading on Wednesday, hitting $15.20. The stock had a trading volume of 2,883,727 shares, compared to its average volume of 2,603,040. The company has a current ratio of 1.87, a quick ratio of 1.41 and a debt-to-equity ratio of 0.91. The firm has a market cap of $2.87 billion, a P/E ratio of 6.20, a price-to-earnings-growth ratio of 1.47 and a beta of 2.26. The business has a fifty day moving average price of $18.40 and a two-hundred day moving average price of $21.81. Huntsman has a 1-year low of $12.23 and a 1-year high of $25.66.
In other Huntsman news, CEO Anthony P. Hankins purchased 2,000 shares of Huntsman stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average price of $16.18 per share, with a total value of $32,360.00. Following the transaction, the chief executive officer now owns 510,366 shares in the company, valued at approximately $8,257,721.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ronald W. Gerrard sold 12,876 shares of Huntsman stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $20.47, for a total transaction of $263,571.72. Following the completion of the sale, the vice president now directly owns 189,323 shares of the company’s stock, valued at approximately $3,875,441.81. The disclosure for this sale can be found here. Insiders bought a total of 44,625 shares of company stock valued at $789,217 in the last quarter. 5.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Covington Capital Management purchased a new position in Huntsman during the third quarter worth about $41,000. Verus Capital Partners LLC purchased a new position in shares of Huntsman in the 4th quarter worth about $48,000. Great Diamond Partners LLC purchased a new position in shares of Huntsman in the 4th quarter worth about $65,000. Quadrant Capital Group LLC grew its position in Huntsman by 20.4% during the fourth quarter. Quadrant Capital Group LLC now owns 4,131 shares of the basic materials company’s stock valued at $96,000 after buying an additional 700 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Huntsman during the fourth quarter valued at about $100,000. 76.48% 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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