Huntsman (NYSE:HUN) had its price objective lowered by investment analysts at KeyCorp from $42.00 to $36.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s target price would indicate a potential upside of 64.53% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Huntsman from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Monday, July 16th. Citigroup boosted their price target on shares of Huntsman from $42.50 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. MED reiterated a “buy” rating on shares of Huntsman in a research report on Monday, September 17th. Seaport Global Securities initiated coverage on shares of Huntsman in a research report on Friday, August 24th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 price target on shares of Huntsman in a research report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Huntsman has an average rating of “Hold” and a consensus target price of $35.46.
Shares of Huntsman stock opened at $21.88 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. Huntsman has a 52 week low of $19.26 and a 52 week high of $36.09. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.72 and a beta of 2.69.
Institutional investors and hedge funds have recently modified their holdings of the company. FTB Advisors Inc. acquired a new position in shares of Huntsman in the 2nd quarter valued at about $114,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Huntsman in the 2nd quarter valued at about $122,000. Clear Harbor Asset Management LLC acquired a new position in shares of Huntsman in the 3rd quarter valued at about $200,000. Point72 Hong Kong Ltd increased its holdings in shares of Huntsman by 46.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock valued at $206,000 after purchasing an additional 2,235 shares during the period. Finally, Chemical Bank acquired a new position in shares of Huntsman in the 2nd quarter valued at about $219,000. Institutional investors own 77.47% of the company’s stock.
Huntsman Company Profile
Huntsman Corporation, through its subsidiary, Huntsman International LLC, 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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