Huntsman (HUN) Rating Reiterated by Goldman Sachs Group
Huntsman (NYSE:HUN)‘s stock had its “hold” rating restated by equities research analysts at Goldman Sachs Group in a report released on Monday. They presently have a $36.00 price objective on the basic materials company’s stock. Goldman Sachs Group’s price target suggests a potential upside of 15.05% from the company’s previous close.
HUN has been the subject of a number of other research reports. Nomura upped their price objective on Huntsman from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. UBS upped their price objective on Huntsman from $31.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman in a report on Monday, November 6th. BidaskClub upgraded Huntsman from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, SunTrust Banks restated a “buy” rating and issued a $32.00 price target on shares of Huntsman in a report on Friday, October 27th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.73.
Shares of Huntsman (NYSE HUN) traded down $0.52 on Monday, hitting $31.29. The stock had a trading volume of 1,918,317 shares, compared to its average volume of 3,656,723. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10. Huntsman has a twelve month low of $18.93 and a twelve month high of $32.59. The firm has a market capitalization of $7,613.06, a price-to-earnings ratio of 13.27, a PEG ratio of 1.47 and a beta of 2.85.
In related news, VP J Kimo Esplin sold 428,571 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $31.54, for a total transaction of $13,517,129.34. Following the completion of the transaction, the vice president now directly owns 925,271 shares in the company, valued at $29,183,047.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Monte G. Edlund sold 21,493 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $31.99, for a total value of $687,561.07. Following the transaction, the insider now owns 75,771 shares of the company’s stock, valued at $2,423,914.29. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,056,190 shares of company stock valued at $33,429,051. 19.00% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Assetmark Inc. grew its holdings in shares of Huntsman by 1,658.4% during the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock worth $109,000 after buying an additional 3,748 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of Huntsman during the second quarter worth about $106,000. Harvest Fund Management Co. Ltd bought a new position in shares of Huntsman during the second quarter worth about $109,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Huntsman by 0.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after buying an additional 24 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Huntsman by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock worth $188,000 after buying an additional 610 shares in the last quarter. Institutional investors and hedge funds own 75.47% of the company’s stock.
Huntsman 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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