Market Analysts see Huntsman Corporation [HUN] gaining to $30. Time to buy?

Huntsman Corporation [NYSE: HUN] gained 1.16% on the last trading session, reaching $24.50 price per share at the time. The company report on October 19, 2020 that Huntsman Corporation (NYSE: HUN) Investor Notice: Update in Lawsuit against Venator Materials PLC announced by Shareholders Foundation.

The Shareholders Foundation, Inc. announces that a lawsuit is pending against Venator Materials PLC over alleged Securities Laws Violations. Investors, who purchased shares of Huntsman Corporation (NYSE: HUN), have also certain options and should contact the Shareholders Foundation at or call +1(858) 779 – 1554. Venator Materials PLC was previously organized as the Pigments & Additives division within Huntsman Corporation. In August 2017, Huntsman offered shares of Venator to the public through an initial public offering. On July 31, 2019, a lawsuit was filed against Venator Materials PLC over alleged securities laws violations. Huntsman is a party in the lawsuit. The plaintiff claimed that the defendants misrepresented the true extent of the fire damage to Venator’s Pori facility, the cost to rehabilitate the facility, and the impact on Venator’s business and operations. The plaintiff also alleged that the company assured investors that the Pori facility would be rebuilt with insurance proceeds within its policy limits, and that between August 2, 2017 and October 29, 2018, Venator and its executives continued to assure investors that the rebuild of the Pori facility was on track and that the Company would be able to fully recoup the production capacity lost in the fire. On January 17, 2020, a consolidated complaint was filed and on February 18 ,2020, the defendants filed their motion to dismiss the case. Those who purchased Huntsman Corporation (NYSE: HUN) shares should contact the Shareholders Foundation, Inc. CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 3111 Camino Del Rio North Suite 423 San Diego, CA 92108 The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

Huntsman Corporation represents 219.70 million in outstanding shares, while the company has a total market value of $5.41 billion with the latest information. HUN stock price has been found in the range of $24.359 to $24.78.

If compared to the average trading volume of 1.70M shares, HUN reached a trading volume of 1381017 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Huntsman Corporation [HUN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HUN shares is $25.53 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HUN stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Huntsman Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 15, 2020. The new note on the price target was released on September 30, 2020, representing the official price target for Huntsman Corporation stock. Previously, the target price had yet another raise from $18 to $23, while Barclays kept a Equal Weight rating on HUN stock.

The Average True Range (ATR) for Huntsman Corporation is set at 0.68, with the Price to Sales ratio for HUN stock in the period of the last 12 months amounting to 0.87. The Price to Book ratio for the last quarter was 1.71, with the Price to Cash per share for the same quarter was set at 5.68. Price to Free Cash Flow for HUN in the course of the last twelve months was 23.61 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for HUN stock

Huntsman Corporation [HUN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.66. With this latest performance, HUN shares gained by 11.01% in over the last four-week period, additionally plugging by 61.08% over the last 6 months – not to mention a rise of 5.38% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HUN stock in for the last two-week period is set at 62.41, with the RSI for the last a single of trading hit 62.85, and the three-weeks RSI is set at 61.72 for Huntsman Corporation [HUN]. The present Moving Average for the last 50 days of trading for this stock 22.54, while it was recorded at 24.49 for the last single week of trading, and 19.25 for the last 200 days.

Huntsman Corporation [HUN]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Huntsman Corporation [HUN] shares currently have an operating margin of +6.75 and a Gross Margin at +20.33. Huntsman Corporation’s Net Margin is presently recorded at +5.78.

Return on Total Capital for HUN is now 8.57, given the latest momentum, and Return on Invested Capital for the company is 7.87. Return on Equity for this stock inclined to 15.10, with Return on Assets sitting at 4.83. When it comes to the capital structure of this company, Huntsman Corporation [HUN] has a Total Debt to Total Equity ratio set at 104.76. Additionally, HUN Total Debt to Total Capital is recorded at 51.16, with Total Debt to Total Assets ending up at 33.83. Long-Term Debt to Equity for the company is recorded at 95.31, with the Long-Term Debt to Total Capital now at 46.55.

Reflecting on the efficiency of the workforce at the company, Huntsman Corporation [HUN] managed to generate an average of $39,300 per employee. Receivables Turnover for the company is 6.11 with a Total Asset Turnover recorded at a value of 0.84.Huntsman Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.50.

Huntsman Corporation [HUN]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Huntsman Corporation posted 0.41/share EPS, while the average EPS was predicted by analysts to be reported at 0.44/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -6.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HUN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Huntsman Corporation go to 8.28%.

An analysis of insider ownership at Huntsman Corporation [HUN]

There are presently around $4,141 million, or 77.60% of HUN stock, in the hands of institutional investors. The top three institutional holders of HUN stocks are: VANGUARD GROUP INC with ownership of 21,731,018, which is approximately -5.17% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 12,019,096 shares of the stock with an approximate value of $294.47 million in HUN stocks shares; and LSV ASSET MANAGEMENT, currently with $248.1 million in HUN stock with ownership of nearly -3.183% of the company’s market capitalization.

Positions in Huntsman Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 132 institutional holders increased their position in Huntsman Corporation [NYSE:HUN] by around 17,842,554 shares. Additionally, 198 investors decreased positions by around 23,236,754 shares, while 46 investors held positions by with 127,939,702 shares. The mentioned changes placed institutional holdings at 169,019,010 shares, according to the latest SEC report filing. HUN stock had 47 new institutional investments in for a total of 6,755,517 shares, while 48 institutional investors sold positions of 1,944,710 shares during the same period.

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