Huntsman Corporation [HUN] is -29.30% lower this YTD. Is it still time to buy?


Huntsman Company [NYSE: HUN] It traded at the highest level on 09/22/22, posting a gain of 0.53 and after that it closed the day’s session at $24.66. Company report on September 16, 2022 Huntsman to update its third-quarter 2022 forecast.

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During the Huntsman (NYSE:HUN) second-quarter earnings conference call, the company provided adjusted earnings guidance for the third quarter with earnings before interest, tax, depreciation and amortization between approximately $310 million and approximately $355 million, excluding textile effects. The company now expects third-quarter adjusted EBITDA from continuing operations to be between $260 million and $280 million. As previously announced, Huntsman will begin reporting Textile Effects as discontinued operations following the announced agreement to sell the division to Archroma, a portfolio company of SK Capital Partners.

The results of the trading session contributed to the circulation of more than 2480741 shares. Over the past week, the Huntsman Corporation’s price volatility was 3.46% while volatility over the past month was 3.37%.

HUN’s stock has a market capitalization of $5.13 billion, with 205.20 million shares outstanding and 179.28 million shares in current float. Compared to an average trading volume of 2.61 million shares, HUN reached a trading volume of 2480741 on the last trading day, which is why market watchers consider the stock to be active.

What Top Market Experts Say About Huntsman Corporation [HUN]?

Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a target price for HUN shares is $36.89 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for HUN stock is a set recommendation at 2.30. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Wells Fargo made an estimate for Huntsman Corporation stock, while retaining their opinion of the stock as Equal Weight, with their previous recommendation back on September 20, 2022. The new note about price target was released on September 20, 2022, representing the official target price for Huntsman Corporation stock. Previously, the target price had fallen again from $43 to $30, while RBC Capital Mkts maintained its sector performance rating on HUN stock.

The Huntsman Corporation’s Average True Range (ATR) is set at 1.02, with the price-to-sales ratio for HUN stock in the past twelve-month period being 0.55. The price-to-book ratio for the last quarter was 1.23, with the price-to-cash per share for the same quarter set at 2.92. HUN’s free cash flow rate for the past 12 months has been 6.30 with a Q4 quick ratio of 1.30.

How has HUN’s stock been performing lately?

Huntsman Company [HUN] It fell into the red at the end of last week, fell in a negative direction and fell by -6.98. With this latest performance, HUN’s stock is down -17.69% over the past four-week period, and has also fallen -38.07% over the past six months – not to mention a -6.45% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for HUN stock for the past two weeks was set at 30.75, with the RSI for the last one trading at 26.74, and the three-week RSI set at 33.76 for Huntsman Corporation [HUN]. The current moving average of the last 50 trading days for this stock is 28.47, while it recorded at 25.18 for the last trading week, and 33.37 for the last 200 days.

Huntsman Company [HUN]: A deeper look into the basics

Operating margin for any stock indicates how profitable the investment is, Huntsman Corporation [HUN] The stock currently has an operating margin of +9.16 and a gross margin of +21.00. Huntsman Corporation’s net margin is currently clocked at +12.36.

Return on equity increased to 26.47, with return on assets remaining at 11.54.

Huntsman Corporation’s liquidity data is also interesting, with the quick ratio at 1.30 and the current ratio at 2.10.

Huntsman Corporation Earnings Analysis [HUN]

The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for HUN. When it comes to the stated value, analysts expect Huntsman Corporation’s 5-year EPS growth rate to rise to 11.26%.

Commercial Parking Inside for Huntsman Corporation [HUN]

There are currently approximately $4,458 million, or 90.40% of HUN’s stock, in the hands of institutional investors. The three largest corporate owners of HUN shares are: VANGUARD GROUP INC with ownership of 18,627,842, which is approximately 2.114% of the company’s market capitalization and about 0.20% of the total corporate ownership; BLACKROCK INC. , which owns 13,160,057 shares of stock with an approximate value of $324.53 million in HUN stock; and FIRST TRUST ADVISORS LP, currently with $211.66 million in HUN stock with ownership of approximately 20.506% of the company’s market capitalization.

Positions in Huntsman Corporation stock held by institutional investors increased at the end of August and at the time of the August report, as 205 institutional investors consolidated their positions in Huntsman Corporation [NYSE:HUN] About 23,289,747 shares. In addition, the number of investor positions by 218 investors decreased by 23,121.633 shares, while 75 investors occupied positions by about 134,372.125 shares. The said changes put institutional holdings at 180,783,505 shares, according to the latest report by the Securities and Exchange Commission. HUN had 63 new institutional investors with a total of 3,725,458 shares, while 64 institutional investors sold positions worth 1,873,334 shares during the same period.

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