Zacks Investment Research upgraded shares of Huntsman Corporation (NYSE:HUN) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

According to Zacks, “Huntsman Corporation is among the world’s largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. “

A number of other research firms have also recently weighed in on HUN. Alembic Global Advisors set a $28.00 price target on Huntsman Corporation and gave the stock a buy rating in a report on Thursday, July 27th. BidaskClub cut Huntsman Corporation from a strong-buy rating to a buy rating in a report on Monday, July 24th. Jefferies Group LLC restated a buy rating and issued a $31.00 price target on shares of Huntsman Corporation in a report on Tuesday, July 25th. KeyCorp upgraded Huntsman Corporation from a sector weight rating to an overweight rating and set a $34.00 price target on the stock in a report on Monday, July 24th. Finally, Instinet restated a buy rating and issued a $30.00 price target on shares of Huntsman Corporation in a report on Sunday, July 9th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $28.67.

Huntsman Corporation (NYSE:HUN) traded down 1.50% during trading on Monday, hitting $25.69. The stock had a trading volume of 4,033,183 shares. Huntsman Corporation has a 12-month low of $14.16 and a 12-month high of $28.30. The firm has a market cap of $6.17 billion, a P/E ratio of 14.56 and a beta of 2.81. The stock’s 50 day moving average price is $26.00 and its 200 day moving average price is $23.93.

Huntsman Corporation (NYSE:HUN) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.18. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, analysts anticipate that Huntsman Corporation will post $2.22 EPS for the current fiscal year.

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In other Huntsman Corporation news, VP Randy W. Wright sold 32,962 shares of the stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $25.75, for a total transaction of $848,771.50. Following the transaction, the vice president now owns 69,148 shares of the company’s stock, valued at approximately $1,780,561. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Randy W. Wright sold 56,675 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $25.76, for a total value of $1,459,948.00. Following the transaction, the vice president now directly owns 66,023 shares in the company, valued at approximately $1,700,752.48. The disclosure for this sale can be found here. 19.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. First Quadrant L P CA raised its position in shares of Huntsman Corporation by 0.8% in the first quarter. First Quadrant L P CA now owns 1,161,328 shares of the basic materials company’s stock worth $28,499,000 after buying an additional 9,557 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Huntsman Corporation by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 266,784 shares of the basic materials company’s stock worth $6,547,000 after buying an additional 6,160 shares in the last quarter. Northpointe Capital LLC acquired a new position in shares of Huntsman Corporation during the first quarter worth $3,570,000. Sit Investment Associates Inc. raised its position in shares of Huntsman Corporation by 312.9% in the first quarter. Sit Investment Associates Inc. now owns 19,200 shares of the basic materials company’s stock worth $471,000 after buying an additional 14,550 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Huntsman Corporation by 38.9% in the first quarter. Acadian Asset Management LLC now owns 161,773 shares of the basic materials company’s stock worth $3,969,000 after buying an additional 45,324 shares in the last quarter. 71.63% of the stock is currently owned by institutional investors.

Huntsman Corporation Company Profile

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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Analyst Recommendations for Huntsman Corporation (NYSE:HUN)

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