HUNTSMAN CORPORATION

HUN
Delayed Quote. Delayed  - 05/13 04:10:00 pm
30.07USD +1.93%

Huntsman Corporation : The underlying trend is to the upside

05/04/2021 | 04:19am
Jordan Dufee
Senior Analyst

Strategy published on : 05/04/2021 | 04:19

long trade
Live

Entry price : 29.57$
Target : 36$
Stop-loss : 26.7$
Potential : 21.75%

The timing appears opportune to go long in shares of Huntsman Corporation as we anticipate another pick-up in the underlying trend.
Investors have an opportunity to buy the stock and target the $ 36.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The group usually releases upbeat results with huge surprise rates.

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 11.87 for the current year.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 23.04 USD


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

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