Huntsman Corp. Upgraded to “Outperform” at Macquarie (HUN)

Huntsman Corp. (NYSE:HUN) was upgraded by Macquarie from a “neutral” rating to an “outperform” rating in a research note issued on Monday, reports. The firm currently has a $21.00 price target on the stock. Macquarie’s price target indicates a potential upside of 17.85% from the stock’s previous close. The analysts noted that the move was a valuation call.

Huntsman Corp. (NYSE:HUN) opened at 17.82 on Monday. Huntsman Corp. has a 1-year low of $13.70 and a 1-year high of $20.14. The stock’s 50-day moving average is $17.63 and its 200-day moving average is $18.09. The company has a market cap of $4.300 billion and a price-to-earnings ratio of 42.94.

Huntsman Corp. (NYSE:HUN) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.39 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.39. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the company posted $0.58 earnings per share. Huntsman Corp.’s revenue was down 2.9% compared to the same quarter last year. Analysts expect that Huntsman Corp. will post $1.54 EPS for the current fiscal year.

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products.

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