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Huntsman Corporation (HUN)

NYSE - Nasdaq Real-time price. Currency in USD
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26.31+0.75 (+2.93%)
As of 10:45AM EDT. Market open.

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  • E
    E A
    Credit Suisse analyst John Roberts initiates coverage on Huntsman (NYSE:HUN) with a Outperform rating and announces Price Target of $33.
  • M
    Mark
    Are they shutting down operations in Europe? Didn't huntsman cut revenue forecast? All these chemical companies going to have to shut down operations in Europe..
  • L
    L
    6 billion market cap, PE 6, 2 million shares traded daily…I think we are due to get noticed
  • E
    E A
    RBC Capital analyst Arun Viswanathan raised the price target for Huntsman Corp (NYSE:HUN) to $43 (an upside of 45%) from $39 while maintaining the Outperform rating on the shares.

    With the sale of its underperforming textile business, the analyst believes HUN's target valuation multiple should be higher.

    The company recently entered into a definitive agreement to sell its Textile Effects division to Archroma, a portfolio company of SK Capital Partners, for $718 million. The transaction is expected to close in 1H23.

    Viswanathan says that given the stock's weak reaction to this news, he believes investors continue to be worried about recession impacts on construction and MDI demand.

    The analyst argues that HUN will enter this recession with more cash, and every 0.5x EBITDA adds ~$3-4 to the stock.

    Benziga
  • Y
    YeahRight!
    52 week low
  • W
    William
    In at $35 1/3 gone. what did I miss?
  • E
    E A
    Insiders certainly see value:

    David Stryker, Exec VP, GC, & Sec grabbed 10,000 shares in the open market on Monday by reaching into his own pocket for around $300,000:

    "The price reported in Column 4 line 1 of Table I is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $29.895 to $29.90 per share."

    And not to be outdone, Director Curtis Espeland picked up 15,000 shares with over $450,000 of his own money:

    "The price reported in Column 4 line 1 of Table I is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $30.15 to $30.19 per share."

    SEC

    (lots and lots of reasons for insiders to sell, but with cash like this put to work, it's easy to see why the adage proclaims "there's only one reason they buy"...)
  • J
    JeffreyT
    Another nice day, bucking the selling.
  • M
    Mark
    Earnings look good. What's the guidance if any?
  • E
    E A
    RBC raises price target on Huntsman to $43 from $39 and maintains Outperform rating.

    MTNewswires
  • J
    JeffreyT
    I was recently at Utah State University. Huntsman built a very nice business school there. Apropos of nothing.
  • M
    Mark
    When are they going to sell the business?? I'd take a buyout of $40. Too bad we can't get back to activist pricing.
  • M
    Mark
    What happens this winter in Europe? Do all these chemical stocks with European exposure get crushed?
  • E
    E A
    Huntsman reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.14 by 12.28 percent. This is a 48.84 percent increase over earnings of $0.86 per share from the same period last year.

    The company reported quarterly sales of $2.36 billion which beat the analyst consensus estimate of $2.31 billion by 2.25 percent. This is a 16.70 percent increase over sales of $2.02 billion the same period last year.

    Benziga