Huntsman Corp Received its Third Buy in a Row

By Ryan Adsit

After Nomura and Alembic Global assigned a Buy rating to Huntsman Corp in the last month, the company received another Buy, this time from Jefferies. Analyst Laurence Alexander reiterated a Buy rating on Huntsman Corp (NYSE: HUN) yesterday and set a price target of $27. The company’s shares closed yesterday at $23.67.

According to, Alexander is a top 100 analyst with an average return of 13.4% and a 65.4% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Commercial Metals Company, and GCP Applied Technologies.

Currently, the analyst consensus on Huntsman Corp is Strong Buy and the average price target is $26.50, representing an 12.0% upside.

In a report issued on April 10, Alembic Global also maintained a Buy rating on the stock with a $28 price target.

Based on Huntsman Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.4 billion and quarterly net profit of $128 million. In comparison, last year the company earned revenue of $2.36 billion and had a net profit of $56 million.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. 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.

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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.