Huntsman Co. (NYSE:HUN) saw some unusual options trading on Wednesday. Traders acquired 5,899 call options on the stock. This represents an increase of 340% compared to the typical daily volume of 1,340 call options.
HUN stock traded down $0.60 during midday trading on Wednesday, reaching $28.29. 1,416,758 shares of the company’s stock traded hands, compared to its average volume of 1,685,078. The company has a 50-day simple moving average of $25.93 and a two-hundred day simple moving average of $22.87. Huntsman has a 1-year low of $12.23 and a 1-year high of $29.18. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 6.38, a PEG ratio of 6.54 and a beta of 1.56. The company has a quick ratio of 1.14, a current ratio of 1.56 and a debt-to-equity ratio of 0.46.
Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, October 29th. The basic materials company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. Huntsman had a return on equity of 5.27% and a net margin of 16.55%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm posted $0.41 EPS. The business’s revenue was down 10.5% on a year-over-year basis. Equities research analysts forecast that Huntsman will post 0.83 EPS for the current year.
In other Huntsman news, Director Mary C. Beckerle sold 15,251 shares of the firm’s stock in a transaction dated Tuesday, November 24th. The stock was sold at an average price of $26.17, for a total transaction of $399,118.67. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $52,340. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.40% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Huntsman by 66.1% during the 2nd quarter. FMR LLC now owns 1,784,574 shares of the basic materials company’s stock worth $32,068,000 after acquiring an additional 710,250 shares during the period. First Republic Investment Management Inc. lifted its position in Huntsman by 5.0% during the second quarter. First Republic Investment Management Inc. now owns 16,701 shares of the basic materials company’s stock valued at $300,000 after purchasing an additional 793 shares during the period. Verition Fund Management LLC bought a new position in Huntsman during the second quarter valued at approximately $194,000. Point72 Asset Management L.P. bought a new position in Huntsman during the second quarter valued at approximately $225,000. Finally, Canada Pension Plan Investment Board bought a new position in Huntsman during the second quarter valued at approximately $1,432,000. 68.27% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on HUN shares. BidaskClub raised Huntsman from a “hold” rating to a “buy” rating in a research report on Thursday, January 7th. Vertical Research raised Huntsman from a “hold” rating to a “buy” rating in a research report on Tuesday, January 5th. Royal Bank of Canada raised Huntsman from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $25.00 to $34.00 in a research report on Friday, January 8th. Stifel Nicolaus initiated coverage on Huntsman in a research report on Wednesday, September 16th. They set a “buy” rating and a $29.00 target price on the stock. Finally, Morgan Stanley upped their price target on Huntsman from $26.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, December 14th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $26.17.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
Further Reading: What is the price-to-earnings growth (PEG) ratio?
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