The stock of Huntsman Corporation (NYSE:HUN) hit a new 52-week high and has $29.18 target or 52.00% above today’s $19.20 share price. The 8 months bullish chart indicates low risk for the $4.56 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $29.18 price target is reached, the company will be worth $2.37 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 517,522 shares traded hands. Huntsman Corporation (NYSE:HUN) has risen 28.88% since April 19, 2016 and is uptrending. It has outperformed by 25.02% the S&P500.
Huntsman Corporation (NYSE:HUN) Ratings Coverage
Out of 5 analysts covering Huntsman Corporation (NYSE:HUN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Huntsman Corporation has been the topic of 12 analyst reports since August 3, 2015 according to StockzIntelligence Inc. As per Monday, August 17, the company rating was downgraded by Goldman Sachs. The firm has “Buy” rating by Nomura given on Tuesday, May 3. Monness Crespi & Hardt maintained Huntsman Corporation (NYSE:HUN) on Tuesday, September 29 with “Buy” rating. On Tuesday, August 11 the stock rating was downgraded by TheStreet to “Buy”. The company was maintained on Tuesday, September 29 by Macquarie Research. The firm has “Neutral” rating by JP Morgan given on Tuesday, October 20. The stock has “Overweight” rating given by KeyBanc Capital Markets on Thursday, October 15.
According to Zacks Investment Research, “Huntsman Corporation is among the world’s largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.03, from 1.13 in 2016Q1. The ratio is negative, as 31 funds sold all Huntsman Corporation shares owned while 95 reduced positions. 54 funds bought stakes while 89 increased positions. They now own 150.82 million shares or 2.01% less from 153.91 million shares in 2016Q1.
Albion Financial Grp Ut reported 10,000 shares or 0.02% of all its holdings. Strs Ohio holds 1.80M shares or 0.11% of its portfolio. Gradient Invests Ltd Liability accumulated 1,300 shares or 0% of the stock. California State Teachers Retirement Sys has 0.01% invested in the company for 431,199 shares. Commonwealth State Bank Of Aus reported 146,454 shares or 0.02% of all its holdings. First Heartland Consultants Inc owns 73,400 shares or 0.11% of their US portfolio. Synovus Fincl Corp accumulated 0% or 12,693 shares. Panagora Asset Management holds 0% of its portfolio in Huntsman Corporation (NYSE:HUN) for 17,747 shares. Vnbtrust Association has 11,400 shares for 0.09% of their US portfolio. The Ohio-based Winfield Assocs has invested 0% in Huntsman Corporation (NYSE:HUN). Pinnacle Associate Ltd holds 0% or 10,550 shares in its portfolio. Salem Counselors Incorporated has 0.49% invested in the company for 304,141 shares. Trafelet Brokaw Capital Mngmt Limited Partnership holds 1,000 shares or 0.01% of its portfolio. Agf last reported 215,771 shares in the company. The North Carolina-based First Personal Fincl Ser has invested 0% in Huntsman Corporation (NYSE:HUN).
Insider Transactions: Since November 4, 2016, the stock had 0 insider purchases, and 1 sale for $10.36 million net activity. On Friday, November 4 the insider Huntsman Jon M sold $10.36M.
More news for Huntsman Corporation (NYSE:HUN) were recently published by: Chron.com, which released: “Huntsman Corp. shows off research facility in The Woodlands” on October 28, 2016. Prnewswire.com‘s article titled: “Huntsman Officer Changes: J. Kimo Esplin Appointed Executive Vice President …” and published on November 11, 2016 is yet another important article.
HUN Company Profile
Huntsman Corporation, incorporated on October 19, 2004, is a maker of differentiated organic chemical products and of inorganic chemical products. The Firm operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Firm operates in five divisions: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. The Company’s Polyurethanes, Performance Products, Advanced Materials and Textile Effects divisions produce differentiated organic chemical products and its Pigments and Additives segment produces inorganic chemical products. The Company’s products consist of a range of chemicals and formulations, which the Company markets to consumer and industrial customers. The Company’s products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. The Company’s product lines include methylene diphenyl diisocyanate (MDI), amines, surfactants, maleic anhydride, epoxy polymer formulations, textile chemicals, dyes, titanium dioxide and color pigments. The Firm produces differentiated organic and inorganic chemical products.
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