Huntsman Corporation (NYSE:HUN) Stock Has Average Price Target of $11.29

Shares of Huntsman Corporation (NYSE:HUN) have earned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $11.31.

A number of analysts have recently commented on HUN shares. Barclays assumed coverage on Huntsman in a research report on Monday, October 12th. They set an “equal weight” rating and a $10.00 target price on the stock. Jefferies Financial Group decreased their target price on Huntsman from $16.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. KeyCorp began coverage on Huntsman in a research note on Friday, September 11th. They set an “overweight” rating and a $14.00 price target on the stock. UBS Group dropped their price target on Huntsman from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price target on shares of Huntsman in a research report on Thursday, August 20th.

Huntsman Stock Up 2.5%

NYSE HUN opened at $9.12 on Friday. The firm’s fifty day moving average price is $9.05 and its 200 day moving average price is $11.72. Huntsman has a 12 month low of $7.30 and a 12 month high of $16.08.

Insider Activity

In other Huntsman news, CEO Peter R. Huntsman bought 100,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the transaction, the chief executive officer owned 7,256,341 shares in the company, valued at approximately $71,184,705.21. The trade was a 1.40% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Huntsman

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Huntsman in the 2nd quarter valued at about $193,750,000. Dimensional Fund Advisors LP raised its stake in Huntsman by 16.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,950,777 shares of the basic materials company’s stock valued at $92,509,000 after acquiring an additional 1,003,187 shares during the last quarter. Pzena Investment Management LLC raised its stake in Huntsman by 1.9% during the 1st quarter. Pzena Investment Management LLC now owns 5,816,359 shares of the basic materials company’s stock valued at $77,416,000 after acquiring an additional 111,181 shares during the last quarter. Bank of America Corp DE acquired a new stake in Huntsman during the 2nd quarter worth approximately $23,596,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Huntsman by 117.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,037,635 shares of the basic materials company’s stock worth $13,811,000 after acquiring an additional 559,585 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Company Profile

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.