Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Huntsman Corp (NYSE: HUN) improved in the last week. HUN’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Huntsman Corp (NYSE: HUN) stock rose modestly by 0.9% on 5/3/24. The stock closed at $24.53. Moreover, this advance was accompanied by unusually high trading volume at 173% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.6% during the last week.
Current PriceTarget Research Rating
HUN is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Huntsman has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Huntsman has a slightly positive Appreciation Score of 65 but a poor Power Rating of 23, resulting in the Low Neutral Value Trend Rating.
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