Alembic Global Sticks to Their Hold Rating for Huntsman Corp (HUN)

By Jason Carr

Alembic Global analyst Hassan Ahmed maintained a Hold rating on Huntsman Corp (HUNResearch Report) today and set a price target of $23. The company’s shares opened today at $22.13.

Ahmed said:

“We believe investor sentiment related to Q4’18 print was quite negative, particularly as TP USD90), during its Q4’18 earnings call, discussed negative MDI volume trends in the quarter. We expect Huntsman shares to be up on this slight miss.”

According to TipRanks.com, Ahmed has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.9% and a 35.2% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.

Huntsman Corp has an analyst consensus of Moderate Buy, with a price target consensus of $28.50.

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Huntsman Corp’s market cap is currently $5.28B and has a P/E ratio of 5.89. The company has a Price to Book ratio of 1.78.

Based on the recent corporate insider activity of 61 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.

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 and Textile Effects.