Wolfe Research slashes price target on Huntsman Corporation [HUN] – find out why.

Huntsman Corporation [NYSE: HUN] surged by $0.32 during the normal trading session on Thursday and reaching a high of $26.95 during the day while it closed the day at $26.74. The company report on June 8, 2021 that Huntsman Plans Increased Production of EV Battery Materials in Conroe, Texas.

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Huntsman Corporation (NYSE: HUN) announced that its Performance Products division is planning to significantly increase its existing capacity for ULTRAPURE™ Ethylene Carbonate at its Conroe, Texas facility by mid-2023. ULTRAPURE™ Ethylene Carbonate is critical to the reliable operation and long working life of lithium-ion batteries for electric vehicles (EVs) and electronics.

In recent years, Huntsman has seen strong growth in ULTRAPURE™ Ethylene Carbonate tied to the evolution of EVs and the localization of lithium-ion battery production. To meet this increased demand, Huntsman has added a range of new high-purity grades of Ethylene Carbonate for EV battery applications.

Huntsman Corporation stock has also gained 3.44% of its value over the past 7 days. However, HUN stock has declined by -4.12% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.48% and gained 6.36% year-on date.

The market cap for HUN stock reached $6.18 billion, with 220.40 million shares outstanding and 200.48 million shares in the current float. Compared to the average trading volume of 2.16M shares, HUN reached a trading volume of 2225468 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $35.52 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 2.00. 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.

Wolfe Research have made an estimate for Huntsman Corporation shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on June 10, 2021. While these analysts kept the previous recommendation, Goldman dropped their target price from $37 to $33. The new note on the price target was released on May 11, 2021, representing the official price target for Huntsman Corporation stock. Previously, the target price had yet another raise to $35, while Seaport Global Securities analysts kept a Buy rating on HUN stock. On January 08, 2021, analysts increased their price target for HUN shares from 25 to 34.

The Average True Range (ATR) for Huntsman Corporation is set at 0.80, with the Price to Sales ratio for HUN stock in the period of the last 12 months amounting to 0.99. The Price to Book ratio for the last quarter was 1.66, with the Price to Cash per share for the same quarter was set at 2.91.

HUN stock trade performance evaluation

Huntsman Corporation [HUN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.44. With this latest performance, HUN shares dropped by -5.11% in over the last four-week period, additionally plugging by 5.48% over the last 6 months – not to mention a rise of 52.19% 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 44.97, with the RSI for the last a single of trading hit 47.92, and the three-weeks RSI is set at 44.57 for Huntsman Corporation [HUN]. The present Moving Average for the last 50 days of trading for this stock 28.52, while it was recorded at 26.07 for the last single week of trading, and 26.69 for the last 200 days.

Huntsman Corporation [HUN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Huntsman Corporation [HUN] shares currently have an operating margin of +3.16 and a Gross Margin at +18.28. Huntsman Corporation’s Net Margin is presently recorded at +4.30.

Return on Total Capital for HUN is now 3.19, given the latest momentum, and Return on Invested Capital for the company is 4.84. Return on Equity for this stock inclined to 8.35, with Return on Assets sitting at 3.04. When it comes to the capital structure of this company, Huntsman Corporation [HUN] has a Total Debt to Total Equity ratio set at 73.43. Additionally, HUN Total Debt to Total Capital is recorded at 42.34, with Total Debt to Total Assets ending up at 29.66. Long-Term Debt to Equity for the company is recorded at 55.10, with the Long-Term Debt to Total Capital now at 31.77.

Reflecting on the efficiency of the workforce at the company, Huntsman Corporation [HUN] managed to generate an average of $28,778 per employee. Receivables Turnover for the company is 6.46 with a Total Asset Turnover recorded at a value of 0.71.Huntsman Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.90.

Earnings per share (EPS) analysis for Huntsman Corporation [HUN] stock

With the latest financial reports released by the company, Huntsman Corporation posted -0.14/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 17.60%. 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 11.39%.

Huntsman Corporation [HUN]: Insider Ownership positions

There are presently around $4,852 million, or 82.50% of HUN stock, in the hands of institutional investors. The top three institutional holders of HUN stocks are: VANGUARD GROUP INC with ownership of 20,927,285, which is approximately 1.124% of the company’s market cap and around 3.40% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 18,613,868 shares of the stock with an approximate value of $497.74 million in HUN stocks shares; and BLACKROCK INC., currently with $344.74 million in HUN stock with ownership of nearly 7.12% of the company’s market capitalization.

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Positions in Huntsman Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 211 institutional holders increased their position in Huntsman Corporation [NYSE:HUN] by around 22,465,354 shares. Additionally, 175 investors decreased positions by around 19,908,091 shares, while 50 investors held positions by with 139,095,239 shares. The mentioned changes placed institutional holdings at 181,468,684 shares, according to the latest SEC report filing. HUN stock had 81 new institutional investments in for a total of 6,788,320 shares, while 55 institutional investors sold positions of 1,713,485 shares during the same period.

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