Royal Bank of Canada Issues Pessimistic Forecast for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN) had its price objective lowered by analysts at Royal Bank of Canada from $23.00 to $20.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 9.53% from the company’s current price.

HUN has been the topic of a number of other reports. UBS Group decreased their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Citigroup cut their price target on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company lowered their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Huntsman has a consensus rating of “Hold” and a consensus price target of $24.14.

Huntsman Stock Performance

NYSE:HUN opened at $18.26 on Thursday. The business’s fifty day moving average is $20.61 and its 200 day moving average is $21.91. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -26.46 and a beta of 0.97. 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 has a 52-week low of $17.67 and a 52-week high of $27.01.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. Research analysts predict that Huntsman will post 0.09 EPS for the current year.

Insider Buying and Selling

In related news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of Huntsman

A number of institutional investors have recently made changes to their positions in HUN. AQR Capital Management LLC boosted its holdings in shares of Huntsman by 383.0% during the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after purchasing an additional 1,124,113 shares during the period. First Eagle Investment Management LLC lifted its holdings in Huntsman by 14.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 654,064 shares of the basic materials company’s stock worth $14,893,000 after buying an additional 81,109 shares during the period. Bank of Montreal Can grew its position in shares of Huntsman by 152.7% in the 3rd quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock worth $2,440,000 after buying an additional 60,072 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Huntsman by 97.2% during the second quarter. Acadian Asset Management LLC now owns 413,104 shares of the basic materials company’s stock valued at $9,403,000 after buying an additional 203,662 shares during the period. Finally, ING Groep NV bought a new position in shares of Huntsman during the third quarter valued at approximately $5,317,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

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.