Is It Undervalued? Look at the P/E Ratio: Hologic Inc. (HOLX), Huntsman Corporation (HUN)

You should consider shares of Hologic Inc. (NASDAQ:HOLX) and Huntsman Corporation (NYSE:HUN) if you are looking for a great stocks to invest in. Starting with the HOLX shares, which traded at $51.69 at the close of the recent session, gaining 0.29%. On Tuesday, the company’s shares shed $0.15 from its value which represented in intraday trading. The stock is now 16.39% higher in year-to-date (YTD) trading. HOLX’s intraday high was $51.82 while its lowest price touched $50.96. The stock’s 52-week high price is $52.19, which means the current price is at -0.96%. In terms of trading activity, the daily trading volume rose to 2067281 against 200-day average trading volume of 1,837,758 shares.

What are analyst forecasts for Hologic Inc. (NASDAQ:HOLX)?

At a consensus rating of 3.83, HOLX is trending as a streaking Moderate Buy, as it has been the case a month ago when 11 analysts called it a Moderate Buy. Two months ago, 13 analysts recommended, on average, that HOLX stock is a Moderate Buy. The Healthcare company’s shares’ overall bullish trend saw it close higher on Tuesday compared to its opening price of $50.97 on the day.

Forecasts for Hologic Inc. (NASDAQ:HOLX) give the stock a fair value for the growth of 4.28% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $54.00, which means the price per share could rise by nearly $2.31. The price range target is between a low of $45.00 and a high of $60.00. The stock would need to gain by about $13.85 to hit the estimated high or 0.73% from its 12-month low.

Hologic Inc. (NASDAQ:HOLX) Upgrades and Downgrades

In terms of rating changes, BofA/Merrill on September 26, 2019, Upgrade Hologic Inc. (HOLX) at Buy. They believe the stock could reach $59 in the near term. Analysts at Needham have assigned a Buy rating for the stock in their research note on August 01, 2019 with an estimated price target of $57. Moreover, Needham analysts issued a rating of Buy for the stock on May 02, 2019, giving it a price target of $52 for the next 12 months. On January 31, 2019, the stock earned a Buy rating due to an analyst call from Needham, while analysts from Morgan Stanley on January 02, 2019 suggested that the stock is Underweight.

Huntsman Corporation (NYSE:HUN) adds -$0.71 on Tuesday

The HUN stock has risen 13.53% year-to-date and is currently trading at $21.90, which is -14.65% below its 52-week high. The company shares lost -3.14% on the day and have risen nearly 26.37% off a low hit. At current levels, Huntsman Corporation has a valuation of about $7.38B. As of 12/03/19, this stock has fallen -6.45% during the week and closed at $22.61 in the previous session. However, recent Huntsman Corporation stock performance shows that HUN shares are -4.16% down over the last month, and 8.74% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.54, with the trailing 12-month share earnings at $0.93. The ratio is expected to be down by -45.20% for the current year 2019 and 8.70% for next year. Over the next 5-year period, earnings per share will be 0.70%. But will the HUN stock surprise in the current quarter results, where the $0.41 actual EPS reported on 9/29/2019 surprised by -6.80% or was lower by -$0.03 from the estimated $0.44.

Sales Growth to decline -7.10% for the year

How well will Huntsman Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.56B and $1.68B in current quarter sales. The consensus estimated for the current quarter is $1.61B from sales. Forecasts for this fiscal year are between $6.72B and $7.6B and the consensus estimate for sales is at $7.45B. HUN has its next quarter sales estimates at between $1.64B and $1.73B, with the quarter-over-quarter growth estimates at -16.70% and the annual growth forecast for the year at -7.10%.

Who owns shares in Huntsman Corporation (HUN)?

Let’s briefly focus on the share ownership of the Huntsman Corporation (NYSE:HUN) stock, where we find that 76.73% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 22.77 million shares or 9.92% of shares outstanding. Blackrock Inc. and Lsv Asset Management held 14.03 million and 10.89 million representing 6.11% and 4.74% respectively at the close of the last trading session. As of Sep 29, 2019, Dimensional Fund Advisors LP accounted for 6.04 million shares at over 140.48 million. This represented 2.63% of shares outstanding. AJO, LP held 6.01 million shares at over 139.75 million representing 2.62% of shares outstanding.

HUN Insider Activity

On 2/01/2019, Chairman, President & Chief Executive Officer by the name Huntsman Peter R sold 42045.0 shares worth $943100.0 at the price of $22.43 per share. Filings also show that Rogers Robert Wade sold a total of 30867.0 shares on 5/23/2019 valued at $595100.0. Since the last insider activity, the company’s share price has climbed 19.25%.