The price of Huntsman Corp (NYSE:HUN) shares last traded on Wall Street fell -0.66% to $25.58.
HUN stock price is now 3.48% away from the 50-day moving average and 0.52% away from the 200-day moving average. The market capitalization of the company currently stands at $4.41B.
With the price target enhanced from $25 to $32, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Huntsman Corp (NYSE: HUN). On December 11, 2023, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $28, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, STRYKER DAVID M, Exec VP, GC and Sec bought 2,500 shares of the company’s stock on Jun 02 ’23. The stock was bought for $61,250 at an average price of $24.50. Upon completion of the transaction, the Exec VP, GC and Sec now directly owns 385,502 shares in the company, valued at $9.86 million. A total of 6.09% of the company’s stock is owned by insiders.
During the past 12 months, Huntsman Corp has had a low of $22.14 and a high of $29.90. As of last week, the company has a debt-to-equity ratio of 0.64, a current ratio of 1.97, and a quick ratio of 1.23. According to the stock market information, the enterprise value for the company is $5.93B, which is based on a 48.98 price-to-earnings ratio, a 0.76 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for HUN is $24.74 and a two-hundred day moving average price translates $25.45 for the stock.
The latest earnings results from Huntsman Corp (NYSE: HUN) was released for Dec, 2023. According to the Chemicals Company, earnings per share came in at -$0.21, missing analysts’ expectations of -$0.17 by -0.04. This compares to -$0.08 EPS in the same period last year. The net profit margin was 1.65% and return on equity was -0.49% for HUN. The company reported revenue of $1.4 billion for the quarter, compared to $1.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.97 percent. For the current quarter, analysts expect HUN to generate $1.47B in revenue.
