KeyBanc Initiates Coverage on Huntsman (HUN)

By admin | 7 years ago

Equities research analysts at KeyBanc (NYSE: KEY) started coverage on shares of Huntsman (NYSE: HUN) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $20.00 price target on the stock.

Separately, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Huntsman from $15.00 to $16.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock.

Huntsman traded down 0.40% on Thursday, hitting $14.98. Huntsman has a 52-week low of $8.13 and a 52-week high of $21.37. The company has a market cap of $3.543 billion and a price-to-earnings ratio of 10.26.

The company last announced its quarterly results on Tuesday, May 1st. It reported $0.74 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.39 EPS by $0.35. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that Huntsman will post $0.55 EPS next quarter.

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products.

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