RBC Capital Sticks to Its Hold Rating for Huntsman (HUN)
In a report released on December 15, Arun Viswanathan from RBC Capital maintained a Hold rating on Huntsman, with a price target of $10.00. The company’s shares closed yesterday at $10.41.
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According to TipRanks, Viswanathan is an analyst with an average return of -2.0% and a 45.42% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Celanese, Eastman Chemical, and Olin.
In addition to RBC Capital, Huntsman also received a Hold from Morgan Stanley’s Vincent Andrews in a report issued on December 15. However, on December 4, Goldman Sachs maintained a Sell rating on Huntsman (NYSE: HUN).
Based on Huntsman’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.46 billion and a GAAP net loss of $25 million. In comparison, last year the company earned a revenue of $1.54 billion and had a GAAP net loss of $33 million
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HUN in relation to earlier this year.
