Huntsman (HUN) Receives a Buy from RBC Capital
In a report issued on July 13, Arun Viswanathan from RBC Capital maintained a Buy rating on Huntsman (HUN – Research Report), with a price target of $38.00. The companys shares closed last Thursday at $28.49.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 2.9% and a 50.3% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Ardagh Metal Packaging.
Currently, the analyst consensus on Huntsman is a Moderate Buy with an average price target of $38.01, implying a 34.7% upside from current levels. In a report issued on July 6, Citigroup also maintained a Buy rating on the stock with a $35.00 price target.
See the top stocks recommended by analysts >> Based on Huntsmans latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.39 billion and net profit of $223 million. In comparison, last year the company earned revenue of $1.84 billion and had a net profit of $83 million. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Huntsman Corp. engages in the manufacturing of chemicals for the plastics, automotive and construction industries. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE. The Performance Products segment produces and sells amines, surfactants, LAB, and maleic anhydride to a variety of consumer and industrial end markets. The Advanced Materials segment provides basic liquid and solid epoxy resins, specialty resin compounds, cross linking, matting and curing agents, epoxy, acrylic, and polyurethane based polymer products. The Textile Effects segment consists market share for textile chemicals and dyes. Its products include Methoxypropylamine, Isocyanate, Nonylphenol, and Alkylalkanolamines. The company was founded by Jon Meade Huntsman Sr. in 1970 and is headquartered in The Woodlands, TX. Read More on HUN:
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