Huntsman (NYSE:HUN) Price Target Lowered to $24.00 at Citigroup

Huntsman (NYSE:HUN) had its price objective dropped by analysts at Citigroup from $26.00 to $24.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Citigroup’s target price points to a potential upside of 5.49% from the company’s previous close.

A number of other research analysts also recently commented on HUN. Royal Bank of Canada boosted their price objective on shares of Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 7th. The Goldman Sachs Group lifted their target price on shares of Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upgraded shares of Huntsman from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $22.00 to $27.00 in a research note on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.00.

Huntsman Trading Down 0.6 %

Shares of Huntsman stock traded down $0.14 during trading on Thursday, hitting $22.75. The stock had a trading volume of 152,789 shares, compared to its average volume of 1,875,036. The stock has a 50 day simple moving average of $24.24 and a 200 day simple moving average of $24.69. The company has a market capitalization of $3.94 billion, a PE ratio of -43.75 and a beta of 1.07. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49. Huntsman has a 1 year low of $22.14 and a 1 year high of $29.90.

Huntsman (NYSE:HUN) last released its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm posted $0.20 earnings per share. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, research analysts expect that Huntsman will post 0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Huntsman

Several institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC increased its position in shares of Huntsman by 23.5% during the 3rd quarter. HighTower Advisors LLC now owns 11,281 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 2,146 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Huntsman by 67.2% during the 3rd quarter. Hsbc Holdings PLC now owns 68,044 shares of the basic materials company’s stock worth $1,675,000 after acquiring an additional 27,351 shares during the last quarter. Trexquant Investment LP bought a new stake in Huntsman during the 3rd quarter worth about $2,089,000. Synovus Financial Corp grew its holdings in Huntsman by 11.9% during the 3rd quarter. Synovus Financial Corp now owns 16,542 shares of the basic materials company’s stock worth $404,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Huntsman during the 3rd quarter worth about $4,268,000. Institutional investors 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.