Alembic Global analyst Hassan Ahmed maintained a Buy rating on Huntsman (HUN) on December 14 and set a price target of $31.00. The company’s shares closed last Monday at $25.81, close to its 52-week high of $26.58.
According to TipRanks.com, Ahmed is a 3-star analyst with an average return of 1.7% and a 47.6% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Westlake Chemical, Venator Materials, and Chemours Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Huntsman with a $29.67 average price target, a 15.9% upside from current levels. In a report issued on December 10, KeyBanc also maintained a Buy rating on the stock with a $33.00 price target.
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Huntsman’s market cap is currently $5.78B and has a P/E ratio of 5.90. The company has a Price to Book ratio of 2.52.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HUN in relation to earlier this year.
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Huntsman Corp. engages in the manufacturing of chemicals for the plastics, automotive and construction industries. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE. The Performance Products segment produces and sells amines, surfactants, LAB, and maleic anhydride to a variety of consumer and industrial end markets. The Advanced Materials segment provides basic liquid and solid epoxy resins, specialty resin compounds, cross linking, matting and curing agents, epoxy, acrylic, and polyurethane based polymer products. The Textile Effects segment consists market share for textile chemicals and dyes. Its products include Methoxypropylamine, Isocyanate, Nonylphenol, and Alkylalkanolamines. The company was founded by Jon Meade Huntsman Sr. in 1970 and is headquartered in The Woodlands, TX.
