Huntsman Co. (NYSE:HUN) – Analysts at SunTrust Banks lifted their FY2020 EPS estimates for shares of Huntsman in a report released on Tuesday, July 28th. SunTrust Banks analyst J. Sheehan now expects that the basic materials company will post earnings per share of $0.40 for the year, up from their prior estimate of $0.30. SunTrust Banks currently has a “Buy” rating and a $24.00 target price on the stock. SunTrust Banks also issued estimates for Huntsman’s FY2021 earnings at $1.45 EPS.
Other analysts also recently issued research reports about the company. Citigroup cut their price target on Huntsman from $24.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Scotiabank upped their price target on Huntsman from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Seaport Global Securities downgraded Huntsman from a “buy” rating to a “neutral” rating in a research note on Friday, June 19th. Alembic Global Advisors restated a “buy” rating and issued a $22.00 price target on shares of Huntsman in a research note on Tuesday, July 28th. Finally, KeyCorp increased their target price on Huntsman from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Huntsman presently has an average rating of “Hold” and a consensus target price of $20.19.
Huntsman stock opened at $18.50 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.53 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $4.08 billion, a P/E ratio of 4.25, a PEG ratio of 9.27 and a beta of 2.07. The stock’s 50 day moving average is $18.37 and its 200 day moving average is $18.04. Huntsman has a twelve month low of $12.23 and a twelve month high of $24.90.
Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.06. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.13 billion. Huntsman had a return on equity of 6.41% and a net margin of 15.78%. The firm’s quarterly revenue was down 43.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 EPS.
Several hedge funds have recently added to or reduced their stakes in the company. Yacktman Asset Management LP purchased a new position in shares of Huntsman in the 1st quarter worth $96,749,000. Wells Fargo & Company MN boosted its stake in shares of Huntsman by 45.3% in the 1st quarter. Wells Fargo & Company MN now owns 3,977,531 shares of the basic materials company’s stock worth $57,396,000 after buying an additional 1,240,198 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Huntsman by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 3,790,867 shares of the basic materials company’s stock worth $91,587,000 after buying an additional 210,153 shares during the last quarter. State Street Corp boosted its stake in shares of Huntsman by 2.9% in the 1st quarter. State Street Corp now owns 3,145,144 shares of the basic materials company’s stock worth $45,384,000 after buying an additional 89,272 shares during the last quarter. Finally, Carillon Tower Advisers Inc. boosted its stake in shares of Huntsman by 2.0% in the 1st quarter. Carillon Tower Advisers Inc. now owns 2,894,714 shares of the basic materials company’s stock worth $39,871,000 after buying an additional 57,300 shares during the last quarter. Hedge funds and other institutional investors own 77.63% 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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