Huntsman (NYSE:HUN) has been given a $21.00 price target by investment analysts at Citigroup in a note issued to investors on Monday, TipRanks reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. Citigroup‘s target price would suggest a potential upside of 3.50% from the company’s current price.
A number of other equities analysts have also commented on the company. Royal Bank of Canada set a €215.00 ($250.00) price objective on Munchener Ruckvers and gave the stock a “buy” rating in a research note on Tuesday, March 19th. KeyCorp lowered Steris from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th. They noted that the move was a valuation call. Jefferies Financial Group dropped their price objective on Huntsman from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 17th. Goldman Sachs Group upgraded MICHELIN COMPAG/ADR from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, Barclays reiterated a “hold” rating and issued a $52.00 price objective on shares of Biohaven Pharmaceutical in a research note on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Huntsman currently has an average rating of “Hold” and an average target price of $27.90.
Shares of Huntsman stock traded down $0.21 during trading on Monday, reaching $20.29. The company’s stock had a trading volume of 1,125,230 shares, compared to its average volume of 2,032,500. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.11 and a current ratio of 1.83. The stock has a fifty day moving average price of $19.43. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 0.89 and a beta of 2.30. Huntsman has a one year low of $17.33 and a one year high of $33.55.
In related news, insider Scott J. Wright acquired 4,950 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average cost of $20.22 per share, with a total value of $100,089.00. Following the completion of the acquisition, the insider now owns 33,922 shares of the company’s stock, valued at $685,902.84. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David M. Stryker acquired 2,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average cost of $19.01 per share, for a total transaction of $38,020.00. Following the completion of the acquisition, the vice president now directly owns 179,930 shares of the company’s stock, valued at approximately $3,420,469.30. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 7,950 shares of company stock worth $157,729. 5.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUN. Norges Bank acquired a new stake in Huntsman during the fourth quarter valued at approximately $51,112,000. Scout Investments Inc. acquired a new stake in Huntsman during the first quarter valued at approximately $35,789,000. Carillon Tower Advisers Inc. boosted its holdings in Huntsman by 61.3% during the first quarter. Carillon Tower Advisers Inc. now owns 2,811,189 shares of the basic materials company’s stock valued at $63,223,000 after purchasing an additional 1,068,025 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Huntsman by 34.9% during the fourth quarter. Two Sigma Advisers LP now owns 3,414,078 shares of the basic materials company’s stock valued at $65,858,000 after purchasing an additional 882,841 shares in the last quarter. Finally, AJO LP boosted its holdings in Huntsman by 3,526.0% during the first quarter. AJO LP now owns 824,736 shares of the basic materials company’s stock valued at $18,548,000 after purchasing an additional 801,991 shares in the last quarter. 76.18% of the stock is currently owned by institutional investors.
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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