Huntsman Corporation (HUN)

[MrBruce]

Huntsman Co. (HUN) Posts Large Volume Increase, Hits $17.43
March 25th, 2011 • View Comments • Filed Under • by ABMN Staff

http://www.americanbankingnews.com/2011/03/25/huntsman-co-hun-posts-large-volume-increase-hits-17-43/


Shares of Huntsman Co. (HUN) saw unusually high trading volume on Friday. Approximately 3,546,287 shares changed hands during mid-day trading, an increase of 27.40% from the previous session. The stock last traded at $17.43.

Separately, analysts at JPMorgan Chase & Co. (NYSE: JPM) raised their price target on shares of Huntsman Co. from $14.00 to $18.00 in a research note to investors on Monday, February 28th. They now have a “neutral” rating on the stock. Also, analysts at Macquarie initiated coverage on shares of Huntsman Co. in a research note to investors on Friday, January 28th. They set an “outperform” rating and a $20.00 price target on the stock.

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its 100% owned subsidiary, Huntsman International LLC (Huntsman International). The Company's products comprise a range of chemicals and formulations, which it markets globally to a group of consumer and industrial customers. The Company operates through five segments: Polyurethanes, Advanced Materials, Textile Effects, Performance Products and Pigments. On June 23, 2009, the Company acquired the Baroda Division of Metrochem Industries Ltd.

Shares of Huntsman Co. traded up 3.76% during mid-day trading on Friday, hitting $17.37. Huntsman Co. has a 52 week low of $8.17 and a 52 week high of $19.10. The stock’s 50-day moving average is $17.33 and its 200-day moving average is $14.91. The company has a market cap of $4.164 billion and a price-to-earnings ratio of 146.84.

Huntsman Co. last announced its quarterly results on Thursday, February 17th. The company reported $0.24 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.20 EPS by $0.04. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. On average, analysts predict that Huntsman Co. will post $0.42 EPS next quarter.