Alembic Global Reiterates Their Buy Rating on Huntsman Corp

By Austin Angelo

In a report released yesterday, Hassan Ahmed from Alembic Global reiterated a Buy rating on Huntsman Corp (NYSE: HUN), with a price target of $28. The company’s shares closed yesterday at $24.51.

According to TipRanks.com, Ahmed is a 3-star analyst with an average return of 4.8% and a 44.4% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Westlake Chemical Corp, Westlake Chemical PRN, and DOW Chemical Company.

Currently, the analyst consensus on Huntsman Corp is Strong Buy and the average price target is $29, representing a 18.3% upside.

In a report issued on May 22, Jefferies also reiterated a Buy rating on the stock with a $29 price target.

The company has a one year high of $28.20 and a one year low of $12.40. Currently, Huntsman Corp has an average volume of 4.4M.

Based on the recent corporate insider activity of 49 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. Most recently, in February 2017, Anthony Hankins, the CEO Asia Pacific and Div Pres of HUN sold 66,398 shares for a total of $1,417,597.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Huntsman Corp. manufactures chemicals for the plastics, automotive and construction industries. The company operates through the following segments: Polyurethanes; Performance Products; Advanced Materials; Textile Effects; and Pigments and Additives. The Polyurethanes segment manufactures and markets a broad range of polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline and MTBE. The Performance Products segment manufactures and sells amines, surfactants, LAB and maleic anhydride to a variety of consumer and industrial end markets. The Advanced Materials segment manufactures and markets basic liquid and solid epoxy resins, specialty resin compounds, cross linking, matting and curing agents, epoxy, acrylic and polyurethane based polymer products. The Textile Effects segment provides market share for textile chemicals and dyes. The Pigments and Additives segment manufactures and markets titanium dioxide, functional additives, color pigments, timber treatment and water treatment products. Huntsman was founded by Jon Meade Huntsman Sr., on October 19, 2004 and is headquartered in The Woodlands, TX.