Huntsman (NYSE:HUN) Reaches New 52-Week High After Analyst Upgrade


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Huntsman Co. (NYSE:HUN) hit a new 52-week high during trading on Monday after Jefferies Financial Group raised their price target on the stock from $40.00 to $44.00. Jefferies Financial Group currently has a buy rating on the stock. Huntsman traded as high as $29.97 and last traded at $29.93, with a volume of 68791 shares trading hands. The stock had previously closed at $28.67.

Several other analysts have also commented on the stock. Royal Bank of Canada upgraded shares of Huntsman from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $25.00 to $34.00 in a research report on Friday, January 8th. Seaport Global Securities upgraded Huntsman from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Monday, January 11th. KeyCorp boosted their price target on Huntsman from $33.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, January 15th. Barclays upped their price objective on Huntsman from $28.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Huntsman from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, February 16th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Huntsman presently has an average rating of “Buy” and an average price target of $29.67.

Several institutional investors and hedge funds have recently made changes to their positions in HUN. Nisa Investment Advisors LLC increased its holdings in shares of Huntsman by 0.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 84,010 shares of the basic materials company’s stock worth $2,112,000 after buying an additional 400 shares during the last quarter. Sigma Planning Corp increased its stake in Huntsman by 2.3% during the fourth quarter. Sigma Planning Corp now owns 26,642 shares of the basic materials company’s stock worth $670,000 after acquiring an additional 593 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Huntsman by 0.9% in the 4th quarter. Federated Hermes Inc. now owns 81,404 shares of the basic materials company’s stock worth $2,046,000 after purchasing an additional 695 shares during the period. Measured Wealth Private Client Group LLC lifted its stake in shares of Huntsman by 5.3% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 14,047 shares of the basic materials company’s stock valued at $405,000 after purchasing an additional 701 shares in the last quarter. Finally, Westpac Banking Corp grew its holdings in shares of Huntsman by 3.5% during the 4th quarter. Westpac Banking Corp now owns 25,516 shares of the basic materials company’s stock worth $641,000 after purchasing an additional 861 shares during the period. Institutional investors own 77.32% of the company’s stock.

The stock has a market cap of $6.85 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.54. The company has a quick ratio of 1.14, a current ratio of 1.56 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average is $28.69 and its 200 day moving average is $27.00.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, April 29th. The basic materials company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.07. Huntsman had a net margin of 16.55% and a return on equity of 5.27%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities analysts expect that Huntsman Co. will post 0.89 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be given a $0.1875 dividend. This is an increase from Huntsman’s previous quarterly dividend of $0.16. The ex-dividend date is Monday, June 14th. This represents a $0.75 annualized dividend and a dividend yield of 2.43%. Huntsman’s dividend payout ratio is presently 42.48%.

About Huntsman (NYSE:HUN)

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 Performance Products segment manufactures amines and maleic anhydrides, including ethylene oxide, propylene oxide, glycols, ethylene dichloride, caustic soda, ammonia, hydrogen, methylamines, and acrylonitrile.

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