Huntsman (NYSE:HUN) PT Lowered to $26.00

Huntsman (NYSE:HUN) had its price objective cut by equities research analysts at Wells Fargo & Company from $28.00 to $26.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 24.82% from the stock’s current price.

A number of other analysts have also recently commented on the stock. UBS Group cut their target price on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. raised shares of Huntsman from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $22.00 to $27.00 in a report on Friday, June 7th. Royal Bank of Canada raised their price target on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 7th. Finally, Citigroup dropped their price objective on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Huntsman presently has an average rating of “Hold” and a consensus price target of $26.33.

Huntsman Stock Performance

HUN stock traded up $0.14 during midday trading on Wednesday, hitting $20.83. 349,337 shares of the stock traded hands, compared to its average volume of 1,924,916. Huntsman has a 1-year low of $20.63 and a 1-year high of $28.96. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.98. The firm has a market cap of $3.60 billion, a P/E ratio of -40.13 and a beta of 1.01. The stock’s fifty day simple moving average is $23.15 and its 200-day simple moving average is $24.28.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company earned $0.22 earnings per share. Huntsman’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts expect that Huntsman will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in shares of Huntsman in the 4th quarter valued at $295,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Huntsman by 204.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,217 shares of the basic materials company’s stock worth $1,488,000 after purchasing an additional 39,749 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Huntsman by 31.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 61,433 shares of the basic materials company’s stock valued at $1,544,000 after purchasing an additional 14,574 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Huntsman by 9.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,495 shares of the basic materials company’s stock valued at $917,000 after purchasing an additional 3,260 shares during the period. Finally, Verdence Capital Advisors LLC grew its stake in Huntsman by 9.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 12,768 shares of the basic materials company’s stock worth $321,000 after buying an additional 1,140 shares during the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.