Huntsman (NYSE:HUN) Price Target Lowered to $23.00 at UBS Group

Huntsman (NYSE:HUN) had its price target reduced by equities researchers at UBS Group from $24.00 to $23.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price target would suggest a potential upside of 12.03% from the stock’s current price.

A number of other research firms have also recently weighed in on HUN. Wells Fargo & Company decreased their price objective on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada increased their price objective on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.88.

Huntsman Trading Down 5.6 %

Shares of HUN traded down $1.21 during midday trading on Tuesday, hitting $20.53. 2,060,553 shares of the stock were exchanged, compared to its average volume of 1,879,167. The firm has a market cap of $3.55 billion, a P/E ratio of -41.06 and a beta of 1.02. The stock has a fifty day simple moving average of $22.76 and a 200 day simple moving average of $23.08. Huntsman has a 52-week low of $19.90 and a 52-week high of $27.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts anticipate that Huntsman will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Huntsman

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its position in shares of Huntsman by 24.4% in the 1st quarter. Russell Investments Group Ltd. now owns 665,652 shares of the basic materials company’s stock worth $17,327,000 after purchasing an additional 130,614 shares during the period. Diversified Trust Co bought a new stake in shares of Huntsman in the second quarter valued at $2,180,000. Acadian Asset Management LLC raised its stake in shares of Huntsman by 1,052.7% in the first quarter. Acadian Asset Management LLC now owns 209,442 shares of the basic materials company’s stock valued at $5,449,000 after buying an additional 191,272 shares during the period. 1832 Asset Management L.P. grew its position in shares of Huntsman by 753.2% in the first quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock valued at $74,652,000 after purchasing an additional 2,531,800 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Huntsman in the first quarter valued at $1,428,000. 84.81% of the stock is owned by institutional investors.

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.