The Huntsman Corporation (NYSE:HUN) is going up by 2.18% in today’s trading session, a rise equivalent to 0.49% of the stock’s price from yesterday’s market close. A news came out on 09/30/19 stating that Huntsman Completes the Purchase of the Remaining 50% Interest in the Sasol-Huntsman Joint Venture by WSJ. The lowest point that the shares touched during the trading session was $22.70, while the peak of the day was recorded at a share price of $23.17. HUN finished the previous session at $22.70 according to the data provided by Barchart, while the trading volume was observed to be $770156.
In the 100 days of trading, HUN managed to top a 20.43% Moving average. Additionally, Huntsman Corporation shares have achieved a 52-week range between 17.33 and 25.66 alongside 100 days raw stochastic set at 89.31%.
The number of shares outstanding, according to the fundamentals of the company, is set at 216.14M, equal to the value of $4.91B in market capitalization. In the last 30 days, Huntsman Corporation shares went down by -2.60%, adding 23.81 to growth in value, on top of a +8.11% boost since 09/13/19.
Huntsman Corporation (NYSE:HUN) Analyst’s Estimates
Huntsman Corporation (HUN) could record at least $0.46 per share in quarterly earnings in the upcoming report on 10/25/2019, a number that would actually represent an increase of 2.34 YOY.
According to the average analyst rating, Huntsman Corporation would be rated as Overweight. Out of 17 different analysts monitoring HUN stock, 13 analysts rate the stock as a BUY, 3 suggest to give the rating of HOLD, 0 indicate that HUN is an OVERWEIGHT, 1 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On September 23, 2019, the stock earned a Upgrade rating due to a new analyst call from Alembic Global Advisors, while analysts from Goldman believe that the stock is set at Buy from Neutral, as concluded on May 10, 2019. Nomura, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on April 15, 2019.
Regardless of the rating, JP Morgan did increase their price to $24 as they are considering target share price analysis. Alembic Global Advisors, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on December 31, 2018, giving the stock a Neutral from the Overweight rating.
HUN Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +21.59% has been attained, while the operating margin has been recorded at +11.12%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 5.91%. Beta value of the stock is recorded at 2.36. Additionally, Huntsman Corporation is recording price volatility of 2.77% for the period of the last seven days and 2.94% in the last 30 days.
Huntsman Corporation (NYSE:HUN) Technical Outlook
For the period of the last 50 days, Huntsman Corporation had its Raw Stochastic average set at 89.31% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 78.38%. Stochastic %K for Huntsman Corporation, with the last 20 days included, was set at 72.72%, having Stochastic %D topping 55.54%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Huntsman Corporation stocks with recording 17.68% in metrics.
Huntsman Corporation Insider Watch:
Similarly, 90.14% of the company’s float is held by institutions – and there are 512 institutions in total holding shares of this company. The top three institutional holders of HUN stocks are: Vanguard Group, Inc. (The) with ownership of $467.04 million, which is approximately 22849363 of the company’s shares; Blackrock Inc., holding 15164792 shares of the stock with an approximate value of $309.97 million; and Lsv Asset Management, currently with more than 11188990 shares of the company valued at $228.7 million. Positions in Huntsman Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 7 insider purchases amounting to 66432 shares.