Huntsman (NYSE:HUN) Receiving Somewhat Positive Media Coverage, Analysis Shows
News headlines about Huntsman (NYSE:HUN) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Huntsman earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 47.1095066443568 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Stock Review for Chemicals Investors — DowDuPont, Eastman Chemical, FMC Corp., and Huntsman – PR Newswire (press release) (prnewswire.com)
- FY2017 EPS Estimates for Huntsman Co. (HUN) Increased by Analyst (americanbankingnews.com)
- Huntsman Co. Expected to Earn FY2017 Earnings of $2.81 Per Share (HUN) (americanbankingnews.com)
- Epoxy Adhesives Global Market 2018- 3M Company, Huntsman Corporation, Ashland Inc – Truthful Chronicle (thestockincome.com)
- Huntsman (HUN) PT Raised to $43.00 at Jefferies Group (americanbankingnews.com)
HUN has been the topic of several recent analyst reports. Alembic Global Advisors restated a “buy” rating on shares of Huntsman in a research note on Monday, November 6th. UBS Group increased their price objective on shares of Huntsman from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Nomura increased their price objective on shares of Huntsman to $40.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. SunTrust Banks reiterated a “buy” rating and set a $32.00 price objective on shares of Huntsman in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, KeyCorp reiterated a “buy” rating and set a $34.00 price objective on shares of Huntsman in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Huntsman has a consensus rating of “Buy” and an average price target of $34.00.
Huntsman (NYSE:HUN) last posted its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.17. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company posted $0.38 earnings per share. research analysts forecast that Huntsman will post 2.75 EPS for the current year.
In related news, CEO Anthony P. Hankins sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $33.24, for a total transaction of $3,324,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary C. Beckerle sold 4,507 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $30.76, for a total transaction of $138,635.32. The disclosure for this sale can be found here. Insiders sold 24,398,557 shares of company stock valued at $535,547,626 in the last quarter. Corporate insiders own 19.00% of the company’s stock.
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Huntsman Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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