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 opened today at $19.76, close to its 52-week low of $17.33.
Ahmed noted:
“We believe it’s still too early to call a bottom in the MDI cycle and therefore remain Neutral on Huntsman shares. We expect Huntsman shares to be down on the 2019 guide-down.”
According to TipRanks.com, Ahmed has 0 stars on 0-5 star ranking scale with an average return of -8.6% and a 30.6% 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 Moderate Buy, with a price target consensus of $26.63, representing a 34.8% upside. In a report issued on July 15, Citigroup also maintained a Hold rating on the stock with a $21 price target.
See today’s analyst top recommended stocks >>
Based on Huntsman Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.03 billion and net profit of $119 million. In comparison, last year the company earned revenue of $2.4 billion and had a net profit of $414 million.
Based on the recent corporate insider activity of 59 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.
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.
