Huntsman Corporation (NYSE: HUN) saw its price target raised by Royal Bank of Canada from $9.00 to $10.00 in a report issued on Wednesday. The firm maintained a "sector perform" rating on the stock, suggesting a potential upside of 2.09% from its previous close. This update comes amid mixed analyst sentiment, with some firms adjusting their price targets and ratings.
Other recent analyst actions include UBS Group reducing its target price to $9.00 with a "neutral" rating, Jefferies Financial Group setting a $12.00 target, and Goldman Sachs Group also targeting $12.00. Weiss Ratings reaffirmed a "sell (d-)" rating, while Citigroup lowered its target to $9.00 with a "neutral" rating. Overall, the stock has a consensus "Hold" rating with an average price target of $11.46.
Huntsman's stock traded up $0.24 during mid-day trading on Wednesday, reaching $9.79. The company reported quarterly earnings of $0.04 per share, missing estimates by $0.03, but revenue increased 17.6% year-over-year to $1.72 billion. Institutional investors have shown significant interest, with BlackRock Inc. acquiring a new position worth $193,750,000 and Dimensional Fund Advisors LP raising its holdings by 16.9%.
The company, founded in 1970, manufactures chemical products for industries including construction, automotive, and electronics. Its portfolio spans polyurethane systems, specialty resins, and other chemicals used in various industrial applications. Huntsman operates globally through manufacturing facilities and sales offices in multiple regions.