Alembic Global analyst Hassan Ahmed maintained a Buy rating on Huntsman (NYSE:HUN) Corp on Monday, setting a price target of $32, which is approximately 20.62% above the present share price of $26.53.
Ahmed expects Huntsman Corp to post earnings per share (EPS) of $0.71 for the third quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Huntsman, with an average price target of $35.57.
The analysts price targets range from a high of $44 to a low of $32.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $2.02 billion and a net profit of $192 million. The company's market cap is $5.89 billion.
According to TipRanks.com, Alembic Global analyst Hassan Ahmed is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.1% and a 52.12% success rate.
Huntsman Corp. engages in the manufacturing of chemicals for the plastics, automotive and construction industries. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE. The Performance Products segment produces and sells amines, surfactants, LAB, and maleic anhydride to a variety of consumer and industrial end markets. The Advanced Materials segment provides basic liquid and solid epoxy resins, specialty resin compounds, cross linking, matting and curing agents, epoxy, acrylic, and polyurethane based polymer products. The Textile Effects segment consists market share for textile chemicals and dyes. Its products include Methoxypropylamine, Isocyanate, Nonylphenol, and Alkylalkanolamines. The company was founded by Jon Meade Huntsman Sr. in 1970 and is headquartered in The Woodlands, TX.