Citi Reaffirms Their Hold Rating on Huntsman (HUN)
In a report released yesterday, Patrick Cunningham from Citi maintained a Hold rating on Huntsman, with a price target of $10.50. The company’s shares closed yesterday at $10.08.
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Cunningham covers the Basic Materials sector, focusing on stocks such as Linde, LyondellBasell, and Ecolab. According to TipRanks, Cunningham has an average return of -1.0% and a 44.44% success rate on recommended stocks.
Huntsman has an analyst consensus of Hold, with a price target consensus of $9.60, a -4.76% downside from current levels. In a report released on December 15, Morgan Stanley also maintained a Hold rating on the stock with a $11.00 price target.
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.
