Huntsman (NYSE:HUN) Cut to Neutral at Alembic Global Advisors

Huntsman (NYSE:HUN) was downgraded by research analysts at Alembic Global Advisors from an “overweight” rating to a “neutral” rating in a note issued to investors on Wednesday,Finviz reports.

A number of other analysts have also weighed in on HUN. Citigroup reduced 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, December 18th. UBS Group cut their target price on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company cut their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley cut their target price on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Mizuho cut their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Huntsman has a consensus rating of “Hold” and a consensus target price of $23.33.

Huntsman Price Performance

Shares of NYSE:HUN traded up $0.66 during trading on Wednesday, reaching $17.44. The company had a trading volume of 4,133,626 shares, compared to its average volume of 2,718,897. The firm’s fifty day moving average is $18.80 and its 200 day moving average is $21.16. The firm has a market capitalization of $3.02 billion, a PE ratio of -25.28 and a beta of 0.97. Huntsman has a twelve month low of $15.95 and a twelve month high of $27.01. 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 issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. On average, equities analysts forecast that Huntsman will post 0.09 EPS for the current year.

Insider Buying and Selling at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Huntsman by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock worth $686,000 after purchasing an additional 674 shares during the last quarter. Seven Eight Capital LP boosted its holdings in shares of Huntsman by 3.3% during the 2nd quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company’s stock worth $559,000 after buying an additional 795 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Huntsman by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock worth $951,000 after buying an additional 863 shares during the period. Matrix Trust Co bought a new stake in shares of Huntsman during the 3rd quarter worth $25,000. Finally, Shayne & Jacobs LLC boosted its holdings in shares of Huntsman by 1.2% during the 3rd quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock worth $2,282,000 after buying an additional 1,140 shares during the period. 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.