Stock Worth Watching: A Reversal for Huntsman Corporation Is Not Near. The Stock Reaches 52-Week High Today

Stock Worth Watching: A Reversal for Huntsman Corporation Is Not Near. The Stock Reaches 52 Week High Today

The stock of Huntsman Corporation (NYSE:HUN) hit a new 52-week high and has $20.69 target or 8.00% above today’s $19.16 share price. The 8 months bullish chart indicates low risk for the $4.67B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $20.69 price target is reached, the company will be worth $373.60 million 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 362,926 shares traded hands. Huntsman Corporation (NYSE:HUN) has risen 23.70% since April 27, 2016 and is uptrending. It has outperformed by 18.47% the S&P500.

Analysts await Huntsman Corporation (NYSE:HUN) to report earnings on February, 9. They expect $0.25 EPS, down 50.98% or $0.26 from last year’s $0.51 per share. HUN’s profit will be $60.93 million for 19.16 P/E if the $0.25 EPS becomes a reality. After $0.38 actual EPS reported by Huntsman Corporation for the previous quarter, Wall Street now forecasts -34.21% negative EPS growth.

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. $30 is the highest target while $0 is the lowest. The $20.36 average target is 6.26% above today’s ($19.16) stock price. Huntsman Corporation has been the topic of 12 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Huntsman Corporation (NYSE:HUN) earned “Outperform” rating by Macquarie Research on Tuesday, September 29. Monness Crespi & Hardt maintained it with “Buy” rating and $22 target price in Tuesday, September 29 report. Nomura maintained it with “Buy” rating and $0 target price in Tuesday, May 3 report. JP Morgan maintained it with “Neutral” rating and $12 target price in Tuesday, October 20 report. On Tuesday, August 11 the stock rating was downgraded by TheStreet to “Buy”. The company was maintained on Thursday, October 15 by KeyBanc Capital Markets. The company was downgraded on Monday, August 17 by Goldman Sachs.

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 worsened, 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.
Towle And accumulated 3.52% or 1.41M shares. Sit Associates, a Minnesota-based fund reported 2,475 shares. Brandywine Global Management Limited Liability Corporation holds 553,434 shares or 0.05% of its portfolio. Boston Prtn has 0.14% invested in the company for 7.25M shares. First Manhattan reported 129,531 shares or 0.01% of all its holdings. Benjamin F Edwards And last reported 5,000 shares in the company. Bourgeon Capital Management Ltd Liability Corporation accumulated 15,000 shares or 0.13% of the stock. Luminus Management Llc has 0.18% invested in the company for 466,000 shares. Stifel Financial Corp last reported 0% of its portfolio in the stock. The North Carolina-based First Personal Fin has invested 0% in Huntsman Corporation (NYSE:HUN). Blackrock Llc, a Delaware-based fund reported 110,243 shares. Stanley holds 0.07% or 13,660 shares in its portfolio. Wells Fargo & Mn owns 1.56M shares or 0.01% of their US portfolio. Tiaa Cref Inv Management Ltd Liability Company reported 1.39M shares or 0.01% of all its holdings. Bluemountain Mngmt Ltd Liability Com has 0.21% invested in the company for 686,015 shares.

Insider Transactions: Since November 4, 2016, the stock had 0 insider buys, and 1 insider sale for $10.36 million net activity. $10.36M worth of Huntsman Corporation (NYSE:HUN) was sold by Huntsman Jon M on Friday, November 4.

Another recent and important Huntsman Corporation (NYSE:HUN) news was published by Prnewswire.com which published an article titled: “Huntsman Officer Changes: J. Kimo Esplin Appointed Executive Vice President …” on November 11, 2016.

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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