Stock analysts at Stifel Nicolaus began coverage on shares of Huntsman (NYSE:HUN) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a “buy” rating on the basic materials company’s stock.
Several other research firms have also recently commented on HUN. Goldman Sachs Group raised their target price on shares of Huntsman from $21.00 to $25.00 and gave the stock a “conviction-buy” rating in a research report on Monday, August 31st. Seaport Global Securities cut shares of Huntsman from a “buy” rating to a “neutral” rating in a research report on Friday, June 19th. Alembic Global Advisors reissued a “buy” rating and set a $22.00 price target on shares of Huntsman in a research report on Tuesday, July 28th. Scotiabank lifted their price target on shares of Huntsman from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. Finally, Truist lifted their price target on shares of Huntsman from $25.00 to $26.00 in a research report on Wednesday, September 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Huntsman presently has an average rating of “Buy” and a consensus price target of $20.71.
Huntsman stock traded down $0.19 during trading hours on Wednesday, reaching $22.85. The stock had a trading volume of 1,684,584 shares, compared to its average volume of 2,156,252. The stock has a market cap of $5.08 billion, a PE ratio of 5.27, a PEG ratio of 7.74 and a beta of 2.08. Huntsman has a 52 week low of $12.23 and a 52 week high of $24.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.53 and a quick ratio of 1.09. The company has a fifty day simple moving average of $21.11 and a 200-day simple moving average of $17.96.
Several hedge funds have recently made changes to their positions in HUN. Private Advisor Group LLC bought a new stake in shares of Huntsman in the second quarter worth approximately $27,000. Twin Tree Management LP bought a new stake in shares of Huntsman in the second quarter worth approximately $43,000. WASHINGTON TRUST Co bought a new stake in shares of Huntsman in the second quarter worth approximately $46,000. FDx Advisors Inc. bought a new stake in shares of Huntsman in the first quarter worth approximately $56,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Huntsman by 724.3% in the first quarter. Tower Research Capital LLC TRC now owns 7,353 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 6,461 shares during the period. Hedge funds and other institutional investors own 75.43% of the company’s stock.
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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