Huntsman Co. (NYSE:HUN) – Investment analysts at Jefferies Financial Group cut their Q4 2020 EPS estimates for shares of Huntsman in a research report issued on Tuesday, February 18th. Jefferies Financial Group analyst L. Alexander now anticipates that the basic materials company will earn $0.37 per share for the quarter, down from their prior estimate of $0.47. Jefferies Financial Group also issued estimates for Huntsman’s FY2021 earnings at $2.60 EPS.
Several other research firms also recently issued reports on HUN. Citigroup reduced their price objective on Huntsman from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Goldman Sachs Group upgraded shares of Huntsman from a “buy” rating to a “conviction-buy” rating and dropped their target price for the company from $29.00 to $23.21 in a research report on Monday, November 18th. TheStreet cut shares of Huntsman from a “b” rating to a “c+” rating in a research report on Tuesday, October 29th. SunTrust Banks dropped their target price on shares of Huntsman to $29.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Cfra dropped their target price on shares of Huntsman from $21.00 to $20.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $25.48.
NYSE:HUN opened at $20.90 on Friday. The stock’s fifty day moving average price is $21.98 and its two-hundred day moving average price is $22.23. Huntsman has a 52-week low of $17.33 and a 52-week high of $25.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.41 and a current ratio of 1.87. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 1.46 and a beta of 2.35.
Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Huntsman had a return on equity of 14.86% and a net margin of 7.42%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was down 25.9% compared to the same quarter last year.
In other Huntsman news, VP Ronald W. Gerrard sold 12,876 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $20.47, for a total transaction of $263,571.72. Following the completion of the sale, the vice president now owns 189,323 shares in the company, valued at approximately $3,875,441.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.60% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC increased its position in shares of Huntsman by 8.6% in the 4th quarter. Penserra Capital Management LLC now owns 6,248 shares of the basic materials company’s stock valued at $129,000 after buying an additional 494 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Huntsman by 2.6% in the 3rd quarter. New York State Teachers Retirement System now owns 19,700 shares of the basic materials company’s stock valued at $458,000 after buying an additional 500 shares in the last quarter. Creative Planning increased its position in shares of Huntsman by 7.0% in the 4th quarter. Creative Planning now owns 9,588 shares of the basic materials company’s stock valued at $232,000 after buying an additional 631 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Huntsman by 20.4% in the 4th quarter. Quadrant Capital Group LLC now owns 4,131 shares of the basic materials company’s stock valued at $96,000 after buying an additional 700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Huntsman by 5.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,278 shares of the basic materials company’s stock valued at $309,000 after buying an additional 713 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.
Huntsman Company Profile
Huntsman Corporation 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.