In a report released today, Hassan Ahmed from Alembic Global maintained a Hold rating on Huntsman Corp (HUN), with a price target of $23. The company’s shares closed on Friday at $23.36.
Ahmed wrote:
“We believe the consensus forecast may not be fully factoring in 2019 earnings compression within this segment.”
According to TipRanks.com, Ahmed has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.0% and a 36.9% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, LyondellBasell, and Celanese Corp.
Currently, the analyst consensus on Huntsman Corp is a Moderate Buy with an average price target of $25.33, implying an 8.4% upside from current levels. In a report issued on February 13, J.P. Morgan also downgraded the stock to Hold with a $24 price target.
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Huntsman Corp’s market cap is currently $5.44B and has a P/E ratio of 17.60. The company has a Price to Book ratio of 2.16.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HUN in relation to earlier this year.
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Huntsman Corp. manufactures chemicals for the plastics, automotive and construction industries. The company operates through the following segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects.
