Huntsman (NYSE:HUN) Sets New 12-Month Low – Here’s What Happened

Huntsman Co. (NYSE:HUN)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $15.67 and last traded at $16.06, with a volume of 1077116 shares traded. The stock had previously closed at $16.83.

Analyst Ratings Changes

A number of research analysts have commented on HUN shares. Morgan Stanley lowered their target price on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Citigroup decreased their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company decreased their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada cut their target price on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Thursday, December 19th. Finally, Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.63.

Huntsman Stock Up 2.3 %

The firm has a 50-day moving average of $18.05 and a two-hundred day moving average of $20.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the business earned $0.15 earnings per share. Huntsman’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts expect that Huntsman Co. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Huntsman

Several large investors have recently added to or reduced their stakes in HUN. Principal Financial Group Inc. lifted its stake in Huntsman by 10.3% during the third quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock worth $32,488,000 after purchasing an additional 124,841 shares during the period. Bank of Montreal Can boosted its position in Huntsman by 152.7% in the third quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock valued at $2,440,000 after buying an additional 60,072 shares in the last quarter. First Hawaiian Bank acquired a new stake in shares of Huntsman during the fourth quarter worth approximately $569,000. ING Groep NV bought a new position in shares of Huntsman in the third quarter valued at approximately $5,317,000. Finally, Empowered Funds LLC boosted its holdings in shares of Huntsman by 49.9% in the 3rd quarter. Empowered Funds LLC now owns 31,783 shares of the basic materials company’s stock worth $769,000 after acquiring an additional 10,582 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

About Huntsman

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.