Huntsman Corporation (NYSE:HUN) – Investment analysts at KeyCorp boosted their FY2018 EPS estimates for Huntsman Corporation in a report issued on Sunday. KeyCorp analyst M. Sison now anticipates that the basic materials company will earn $2.00 per share for the year, up from their previous estimate of $1.80. KeyCorp currently has a “Buy” rating and a $34.00 target price on the stock.
Huntsman Corporation (NYSE:HUN) last released its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. Huntsman Corporation had a return on equity of 34.90% and a net margin of 5.37%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://sportsperspectives.com/2017/11/01/huntsman-corporation-forecasted-to-earn-fy2018-earnings-of-2-00-per-share-hun.html.
A number of other equities analysts also recently weighed in on HUN. Zacks Investment Research raised shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $32.00 target price on shares of Huntsman Corporation in a research note on Friday, October 27th. They noted that the move was a valuation call. Nomura raised their target price on shares of Huntsman Corporation to $40.00 and gave the company a “buy” rating in a research note on Monday. UBS AG raised their target price on shares of Huntsman Corporation from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday. Finally, BidaskClub downgraded shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $31.55.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Huntsman Corporation by 6.9% during the second quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock valued at $609,090,000 after buying an additional 1,528,072 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Huntsman Corporation by 9.2% during the second quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock valued at $288,925,000 after buying an additional 939,083 shares during the last quarter. CNH Partners LLC purchased a new stake in shares of Huntsman Corporation during the second quarter valued at approximately $173,105,000. Farallon Capital Management LLC purchased a new stake in shares of Huntsman Corporation during the second quarter valued at approximately $140,053,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Huntsman Corporation by 90.4% during the second quarter. JPMorgan Chase & Co. now owns 5,391,025 shares of the basic materials company’s stock valued at $139,304,000 after buying an additional 2,559,069 shares during the last quarter. Hedge funds and other institutional investors own 75.00% of the company’s stock.
About Huntsman Corporation
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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