Huntsman (HUN) Receives a Hold from UBS
In a report released today, Joshua Spector from UBS maintained a Hold rating on Huntsman, with a price target of $12.00.
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Spector covers the Basic Materials sector, focusing on stocks such as Albemarle, TRONOX, and Orion Engineered. According to TipRanks, Spector has an average return of 2.8% and a 54.18% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Huntsman with a $9.78 average 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.
