Huntsman Corporation [HUN] has traded in a range of $12.23 to $26.58 in the last 1 year. As of this writing, the stock is at $24.95, up 1.18%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, HUN shares are -1.24% down with the monthly amount drift of 1.82% and seems well in a long time frame.
On 3, November 2020, Huntsman Completes the Sale of its India Based DIY Consumer Adhesives Business. According to news published on Yahoo Finance, Huntsman Corporation (NYSE: HUN) announced today that it has completed the sale of its India based Do-It-Yourself consumer adhesives business, within its Advanced Materials division, to Pidilite Industries Ltd. in an all-cash transaction. Huntsman received pre-tax proceeds of approximately $257 million on November 3, 2020, excluding working capital and other adjustments. Taxes on the transaction are estimated to be just under 10 percent. Under the terms of the agreement Huntsman may receive up to approximately $28 million of additional cash under an earnout within 18 months if the business achieves sales revenue in-line with 2019, for a total value of up to $285 million, excluding working capital and other adjustments. The total transaction value represents a 2019 adjusted EBITDA multiple of approximately 15 times.
Analyst Birdseye View:
The most recent analyst activity for Huntsman Corporation [NYSE:HUN] stock was on October 15, 2020, when it was Initiated with a Buy rating from Deutsche Bank, which also raised its 12-month price target on the stock to $30. Before that, on October 30, 2020, Scotiabank Recapitulated a Sector outperform rating and elevated its amount target to $29. On September 30, 2020, Morgan Stanley Upgrade an Overweight rating and boosted its price target on this stock to $26. On September 28, 2020, Barclays Upgrade an Equal weight rating and increased its price target 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. KeyBanc Capital Markets elevated its amount target by recapitulating a higher weight for this stock.
In the past 52 weeks of trading, this stock has oscillated between a low of $12.23 and a peak of $26.58. Right now, the middling Wall Street analyst 12-month amount mark is $27.00. At the most recent market close, shares of Huntsman Corporation [NYSE:HUN] were valued at $24.95. According to the average price forecast, investors can expect a potential return of -0.96%.
Huntsman Corporation [NYSE:HUN] most recently reported quarterly sales of 1.51 billion, which represented growth of -10.50%. This company’s Gross Margin is currently 17.40% and its Operating Margin is 1.60%.
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 24.28 points at 1st support level, the second support level is making up to 23.91. But as of 1st resistance point, this stock is sitting at 24.90 and at 25.15 for 2nd resistance point.
Huntsman Corporation [HUN] reported its earnings at $0.32 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.27/share signifying the difference of 0.05 and 18.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.14 calling estimates for -$0.17/share with the difference of 0.03 depicting the surprise of 17.60%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Huntsman Corporation [NYSE:HUN] is 1.60. Now if looking for a valuation of this stock’s showing 34.16 of P/E (TTM) ratio.
The most recent insider trade was by Huntsman Peter R, Chairman, President & CEO, and it was the purchase of 5000.0 shares on Mar 12. Hankins Anthony P, the CEO Asia Pacific and Div Pres, completed a purchase of 2000.0 shares on Mar 12. On Mar 12, STRYKER DAVID M, Exec VP, GC and Sec, completed a purchase of 2500.0 shares.