why Huntsman Corporation [HUN] is a Good Choice for Investors After New Price Target of $40.17


Huntsman Corporation [NYSE: HUN] loss -1.89% or -0.56 points to close at $29.08 with a heavy trading volume of 2811899 shares. The company report on July 21, 2022 that Huntsman Brightens the Horizon with 2021 Sustainability Report.

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Huntsman Corporation (NYSE: HUN) has published its 2021 corporate sustainability report titled, “Brightening the Horizon: Enabling Sustainability,” on its website at Huntsman.com/sustainability. The interactive HTML report highlights many of the ways Huntsman products offer critical solutions to today’s most pressing sustainability challenges.

“As a chemical manufacturer and solutions provider, Huntsman’s sustainability journey starts within our own operations. However, the impact our products have toward enabling a carbon-neutral society tells a much bigger story,” said Brittany Benko, Senior Vice President of Environmental, Health, Safety and Manufacturing Excellence and Corporate Sustainability Officer for Huntsman. “Our solutions make homes and buildings more energy efficient, reduce fuel demand for transportation on the ground and in the sky, enable alternative energy solutions, increase the durability of materials to reduce waste, and make our customers’ processes more energy and water efficient. In a word, we are enabling sustainability.”.

It opened the trading session at $29.19, the shares rose to $29.31 and dropped to $28.46, the range by which the price of stock traded the whole day. The daily chart for HUN points out that the company has recorded -22.43% loss over the past six months. However, it is still -20.71% lower than its most recent low trading price.

If we look at the average trading volume of 2.44M shares, HUN reached to a volume of 2811899 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 $40.17 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 2.20. 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.

BofA Securities have made an estimate for Huntsman Corporation shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on June 14, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on March 31, 2022, representing the official price target for Huntsman Corporation stock. On February 16, 2022, analysts increased their price target for HUN shares from 45 to 50.

The Average True Range (ATR) for Huntsman Corporation is set at 1.11, with the Price to Sales ratio for HUN stock in the period of the last 12 months amounting to 0.67. The Price to Book ratio for the last quarter was 1.43, with the Price to Cash per share for the same quarter was set at 3.89. Price to Free Cash Flow for HUN in the course of the last twelve months was 10.53 with Quick ratio for the last quarter at 1.20.

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 2.07. With this latest performance, HUN shares gained by 0.48% in over the last four-week period, additionally sinking by -22.43% over the last 6 months – not to mention a rise of 12.89% 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 44.35, with the RSI for the last a single of trading hit 47.48, and the three-weeks RSI is set at 42.60 for Huntsman Corporation [HUN]. The present Moving Average for the last 50 days of trading for this stock 31.92, while it was recorded at 29.29 for the last single week of trading, and 34.30 for the last 200 days.

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

Huntsman Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.90.

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

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 11.61%.

An analysis of insider ownership at Huntsman Corporation [HUN]

There are presently around $5,403 million, or 86.40% of HUN stock, in the hands of institutional investors. The top three institutional holders of HUN stocks are: VANGUARD GROUP INC with ownership of 18,242,142, which is approximately -9.628% of the company’s market cap and around 3.60% of the total institutional ownership; STARBOARD VALUE LP, holding 16,517,818 shares of the stock with an approximate value of $489.59 million in HUN stocks shares; and BLACKROCK INC., currently with $375.62 million in HUN stock with ownership of nearly 0.378% of the company’s market capitalization.

224 institutional holders increased their position in Huntsman Corporation [NYSE:HUN] by around 24,891,726 shares. Additionally, 222 investors decreased positions by around 24,229,455 shares, while 65 investors held positions by with 133,170,377 shares. The mentioned changes placed institutional holdings at 182,291,558 shares, according to the latest SEC report filing. HUN stock had 78 new institutional investments in for a total of 2,205,105 shares, while 79 institutional investors sold positions of 3,670,972 shares during the same period.