Huntsman Corp (HUN) Receives a Buy from Alembic Global


Alembic Global analyst Hassan Ahmed reiterated a Buy rating on Huntsman Corp (NYSE: HUN) today. The company’s shares closed on Friday at $28.31.

Ahmed commented:

“We further contend that consensus estimates and industry consultants have historically overestimated supply additions while underestimating capacity closures. In 2014, industry consultants overestimated global MDI supply additions by 700bps while underestimating closures by 600bps. Additionally, the supply side has been plagued of late by a large number of planned and unplanned outages, which again, in our view, are not being properly captured by consensus.”

According to TipRanks.com, Ahmed is a 4-star analyst with an average return of 5.7% and a 53.6% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.

Huntsman Corp has an analyst consensus of Strong Buy, with a price target consensus of $38.

See today’s analyst top recommended stocks >>

The company has a one-year high of $36.09 and a one-year low of $26.59. Currently, Huntsman Corp has an average volume of 2.36M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts