Huntsman's (HUN) "Hold" Rating Reaffirmed at Goldman Sachs Group

Doris Richards
December 7, 2017

First Wilshire Secs Mgmt Inc holds 3.6% of its portfolio in Huntsman Corporation (NYSE:HUN) for 488,454 shares. This works out to a net decrease in ownership of 91729 shares, and suggests that institutions are feeling bearish about the stock. Huntsman accounts for about 2.2% of Blue Rock Advisors LLC's holdings, making the stock its 20th biggest position. Commonwealth Bank of Australia's holdings in Huntsman were worth $1,708,000 at the end of the most recent reporting period.

A number of other equities research analysts also recently weighed in on HUN. Bowling Port Mngmt Ltd Liability holds 0.56% of its portfolio in Huntsman Corporation (NYSE:HUN) for 146,680 shares. CIBC World Markets Inc. lifted its position in shares of Huntsman by 133.4% in the second quarter. They now have a $36.00 target price on the basic materials company's stock. Korea Investment CORP now owns 130,120 shares of the basic materials company's stock worth $3,362,000 after buying an additional 7,720 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Huntsman by 100.6% in the 2nd quarter. The portion of a company's profit allocated to each outstanding share of common stock was $5.47 a share in the trailing twelve months. Gotham Asset Mngmt Ltd Co holds 0.03% or 75,209 shares in its portfolio. The shares were sold at an average price of $32.32, for a total value of $3,232,000.00. Following the completion of the transaction, the vice president now directly owns 93,351 shares of the company's stock, valued at $2,326,306.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hankins sold 80,000 shares of the firm's stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $21.66, for a total transaction of $471,425,568.00. Following the sale, the chief executive officer now directly owns 442,615 shares in the company, valued at approximately $14,110,566.20. State Board Of Administration Of Florida Retirement System invested 0.03% in Huntsman Corporation (NYSE:HUN). Huntsman shares last traded at $30.15, with a volume of 6690176 shares changing hands.

7 analysts on average are expecting the company to report revenue of $2.08 Billion for the current quarter. The stock has a market capitalization of $7,613.06, a PE ratio of 13.27, a PEG ratio of 1.47 and a beta of 2.85. Huntsman has a 52-week low of $18.93 and a 52-week high of $32.59. In the most recent financial results released by Huntsman Corporation, for the quarter ending on 2017-09-30, the company posted EPS of 0.67. The basic materials company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.17. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. sell-side analysts forecast that Huntsman will post 2.7 EPS for the current fiscal year. Also Prnewswire.com published the news titled: "Huntsman Announces Full Repayment of its Senior Term Loan Facility from ..." on December 04, 2017. Stockholders of record on Thursday, June 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.62%. Why It Might Be Time to Try Huntsman Corporation (HUN)" with publication date: "December 05, 2017 was also an interesting one. Huntsman's dividend payout ratio is presently 58.82%.


A number of equities research analysts have commented on the company. Goldman Sachs Group began coverage on shares of Huntsman in a research report on Monday. Nomura raised their price objective on shares of Huntsman to $40.00 and gave the company a "buy" rating in a research report on Monday, October 30th. The stock of Huntsman Corporation (NYSE:HUN) has "Buy" rating given on Monday, November 6 by Alembic. Jefferies has "Buy" rating and $31.0 target.

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Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products.

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