Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Huntsman Corp (NYSE: HUN) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Huntsman Corp (NYSE: HUN) stock closed at $26.58 on 3/8/24 after a slight decline of -0.08%. However, below average trading volume at 69% of normal accompanied the decline. The stock has risen 3.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HUN is expected to continue to be a Value Builder.
Huntsman has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Huntsman has a slightly positive Appreciation Score of 63 but a poor Power Rating of 24, and the Negative Value Trend Rating results.
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