Huntsman Corporation [HUN] stock is up 0.51 while the S&P 500 has risen 0.44% on Thursday, 10/15/20. While at the time of this article, HUN ATR is sitting at 0.70, with the beta value at 1.78. This stock’s volatility for the past week remained at 2.02%, while it was 3.17% for the past 30-day period. HUN has risen $0.12 from the previous closing price of $24.71 on volume of 1.12 million shares.
On 15, October 2020, Huntsman Announces Reduced Operating Rates at its Geismar, La. Facility. According to news published on Yahoo Finance, Huntsman Corporation (NYSE: HUN) announced today that due to a mechanical failure at a third-party raw material supplier, its Geismar, Louisiana MDI facility is experiencing a partial outage which is estimated to last approximately 5 weeks. It is currently estimated that this will impact the Company’s fourth quarter adjusted EBITDA by approximately $15 million. The Company will provide an update on its third quarter earnings conference call on October 29, 2020.
Analyst Birdseye View:
The most recent analyst activity for Huntsman Corporation [NYSE:HUN] stock was on September 30, 2020, when it was Upgrade with an Overweight rating from Morgan Stanley, which also raised its 12-month price target on the stock to $26. Before that, on October 15, 2020, Deutsche Bank Recapitulated a Buy rating and elevated its amount target to $30. On September 28, 2020, Barclays Upgrade an Equal weight rating and boosted its price target on this stock from $18 to $23. On September 17, 2020, Stifel Initiated a Buy rating and increased its price target to $29. On June 19, 2020, Seaport Global Securities Downgrade a Neutral rating. On May 04, 2020, Vertical Research Downgrade a Hold rating. On March 26, 2020, KeyBanc Capital Markets Initiated an Overweight rating and boosted its target amount on this stock to $19. On March 26, 2020, RBC Capital Mkts Downgrade a Sector perform rating and improved its amount target to $16.
In the past 52 weeks of trading, this stock has oscillated between a low of $12.23 and a peak of $24.90. Right now, according to Wall Street analyst the average 12-month amount target is $26.00. At the most recent market close, shares of Huntsman Corporation [NYSE:HUN] were valued at $24.83. According to the average price forecast, investors can expect a potential return of 3.23%.
Huntsman Corporation [NYSE:HUN] most recently reported quarterly sales of 1.25 billion, which represented growth of -63.90%. This publicly-traded organization’s revenue is $679,700 per employee, while its income is $39,300 per employee. This company’s Gross Margin is currently 17.90%, its Operating Margin is 3.00%, its Pretax Margin is +5.75, and its Net Margin is +5.78. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 4.83, 15.10, 8.57 and 7.87 respectively.
If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 51.16 and the whole liability to whole assets at 33.83. It shows enduring liability to the whole principal at 46.55 and enduring liability to assets at 0.31 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 24.20 points at 1st support level, the second support level is making up to 23.70. But as of 1st resistance point, this stock is sitting at 25.01 and at 25.32 for 2nd resistance point.
Huntsman Corporation [HUN] reported its earnings at -$0.14 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.17/share signifying the difference of 0.03 and 17.60% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.29 calling estimates for $0.19/share with the difference of 0.1 depicting the surprise of 52.60%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Huntsman Corporation [NYSE:HUN] is 1.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.26. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.82, it’s amount to book ratio is 2.02 and showing 73.54 of P/E (TTM) ratio.
The most recent insider trade was by Hankins Anthony P, CEO Asia Pacific and Div Pres, and it was the purchase of 2000.0 shares on Mar 12. STRYKER DAVID M, the Exec VP, GC and Sec, completed a purchase of 2500.0 shares on Mar 12. On Mar 12, Huntsman Peter R, Chairman, President & CEO, completed a purchase of 5000.0 shares.