Expensive Market, What To Buy? Huntsman Corporation (NYSE:HUN), Global Payments Inc. (NYSE:GPN)

The shares of Huntsman Corporation (NYSE:HUN) has been pegged with a rating of Buy by BofA/Merrill in its latest research note that was published on January 15, 2020. The Basic Materials company has also assigned a $27 price target. BofA/Merrill wasn’t the only research firm that published a report of Huntsman Corporation, with other equities research analysts also giving their opinion on the stock. The stock had earned Outperform rating from Wells Fargo Markets when it published its report on October 16, 2019. Alembic Global Advisors was of a view that HUN is Overweight in its latest report on September 23, 2019. Goldman thinks that HUN is worth Buy rating. This was contained in the firm’s report on May 10, 2019 in which the stock’s price target was also moved to 31.

The price of the stock the last time has raised by 25.79% from its 52-Week high price while it is -15.04% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 47.52.

The shares of the company added by 2.40% during the trading session on Wednesday, reaching a low of $21.635 while ending the day at $21.80. During the trading session, a total of 2.67 million shares were traded which represents a -56.77% decline from the average session volume which is 1.7 million shares. HUN had ended its last session trading at $21.29. Huntsman Corporation currently has a market cap of $5.03 billion, while its P/E ratio stands at 23.34, while its P/E earnings growth sits at 2.08, with a beta of 2.41. Huntsman Corporation debt-to-equity ratio currently stands at 0.95, while its quick ratio hovers at 1.50 HUN 52-week low price stands at $17.33 while its 52-week high price is $25.66.

The company in its last quarterly report recorded $0.41 earnings per share which is below the predicted by most analysts. The Huntsman Corporation generated 418.0 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.63 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -26.83%. Huntsman Corporation has the potential to record 1.79 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Credit Suisse published a research note on January 24, 2020 where it informed investors and clients that Global Payments Inc. (NYSE:GPN) is now rated as Outperform. Even though the stock has been trading at $203.18/share, analysts expect it to down by -0.75% to reach $212.86/share. It started the day trading at $203.683 and traded between $198.23 and $201.65 throughout the trading session.

A look at its technical shows that GPN’s 50-day SMA is 189.11 while its 200-day SMA stands at 168.48. The stock has a high of $206.18 for the year while the low is $115.94. The stock, however, witnessed a rise in its short on 01/31/20. Compared to previous close which recorded 4.81 M shorted shares, the short percentage went lower by -7.04%, as 4.47M HUN shares were shorted. At the moment, only 1.61% of Global Payments Inc. shares were sold short. The company’s P/E ratio currently sits at 86.21, while the P/B ratio is 1.29. The company’s average trading volume currently stands at 1.56M shares, which means that the short-interest ratio is just 3.09 days. Over the past seven days, the company moved, with its shift of 0.50%. Looking further, the stock has raised 17.25% over the past 90 days while it gained 26.99% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The T. Rowe Price Associates, Inc. (I. bought more GPN shares, increasing its portfolio by 9.41% during the last quarter. This move now sees The T. Rowe Price Associates, Inc. (I. purchasing 2,831,488 shares in the last quarter, thus it now holds 32,937,051 shares of GPN, with a total valuation of $6,437,546,618. The Vanguard Group, Inc. meanwhile sold more GPN shares in the recently filed quarter, changing its stake to $5,334,412,941 worth of shares.

Similarly, BlackRock Fund Advisors increased its Global Payments Inc. shares by 3.72% during the recently filed quarter. After buying 14,774,887 shares in the last quarter, the firm now controls 530,315 shares of Global Payments Inc. which are valued at $2,887,751,664. In the same vein, Fidelity Management & Research Co. increased its Global Payments Inc. shares by during the most recent reported quarter. The firm bought 190,168 shares during the quarter which increased its stakes to 13,057,101 shares and is now valued at $2,552,010,390. Following these latest developments, around 0.50% of Global Payments Inc. stocks are owned by institutional investors and hedge funds.