Huntsman Co. (NYSE:HUN) – Research analysts at Jefferies Financial Group lifted their Q3 2020 earnings per share (EPS) estimates for Huntsman in a research report issued on Tuesday, July 28th. Jefferies Financial Group analyst L. Alexander now forecasts that the basic materials company will earn $0.10 per share for the quarter, up from their previous forecast of $0.02. Jefferies Financial Group also issued estimates for Huntsman’s Q4 2020 earnings at $0.09 EPS.
Other equities research analysts have also issued research reports about the company. Scotiabank upped their target price on Huntsman from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Wednesday. UBS Group boosted their price target on Huntsman from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Vertical Research downgraded Huntsman from a “buy” rating to a “hold” rating in a report on Monday, May 4th. SunTrust Banks cut their price target on Huntsman from $29.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Finally, KeyCorp boosted their price target on Huntsman from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.19.
HUN stock opened at $18.50 on Friday. Huntsman has a 1 year low of $12.23 and a 1 year high of $24.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.56 and a current ratio of 1.53. The stock’s 50 day moving average price is $18.37 and its 200 day moving average price is $18.04. The firm has a market cap of $4.08 billion, a P/E ratio of 4.25, a PEG ratio of 9.27 and a beta of 2.07.
Huntsman (NYSE:HUN) last posted its earnings results on Tuesday, July 28th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. Huntsman had a return on equity of 6.41% and a net margin of 15.78%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the company earned $0.63 EPS. Huntsman’s revenue was down 43.2% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the company. Sigma Planning Corp boosted its holdings in shares of Huntsman by 126.7% in the second quarter. Sigma Planning Corp now owns 26,216 shares of the basic materials company’s stock valued at $471,000 after buying an additional 14,650 shares during the period. Schafer Cullen Capital Management Inc lifted its stake in Huntsman by 4.4% in the second quarter. Schafer Cullen Capital Management Inc now owns 20,716 shares of the basic materials company’s stock valued at $372,000 after acquiring an additional 876 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Huntsman in the second quarter valued at $221,000. Mackay Shields LLC lifted its stake in Huntsman by 161.1% in the second quarter. Mackay Shields LLC now owns 258,174 shares of the basic materials company’s stock valued at $4,640,000 after acquiring an additional 159,282 shares during the last quarter. Finally, Lapides Asset Management LLC lifted its stake in Huntsman by 3.8% in the second quarter. Lapides Asset Management LLC now owns 332,700 shares of the basic materials company’s stock valued at $5,979,000 after acquiring an additional 12,200 shares during the last quarter. Institutional investors and hedge funds 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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