Huntsman (HUN – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst Vincent Andrews from Morgan Stanley maintained a Hold rating on the stock and has a $20.00 price target.
Vincent Andrews has given his Hold rating due to a combination of factors that reflect the current and future financial projections for Huntsman Corp. The EPS estimates for the upcoming years have remained largely unchanged, with the expectations for 2025 at $0.00 and gradually improving to $1.33 by 2027. These figures are slightly below consensus estimates, indicating a conservative outlook on the company’s earnings potential.
Additionally, the EBITDA forecasts also show modest growth over the years but fall short of market expectations. The projections consider various cash flow factors such as cash interest expenses, restructuring costs, and other financial obligations. This cautious approach towards Huntsman’s financial health and the discrepancies with consensus estimates contribute to the Hold rating, suggesting investors maintain their positions while waiting for further developments.
Andrews covers the Basic Materials sector, focusing on stocks such as Dow Inc, Eastman Chemical, and Huntsman. According to TipRanks, Andrews has an average return of 5.6% and a 63.28% success rate on recommended stocks.
In another report released on February 19, RBC Capital also maintained a Hold rating on the stock with a $18.00 price target.