Huntsman Co. (NYSE:HUN) Receives Consensus Rating of “Hold” from Brokerages

Huntsman Co. (NYSE:HUN) has been assigned an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $22.63.

HUN has been the subject of a number of recent research reports. Citigroup lowered their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Mizuho reduced their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. UBS Group dropped their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Royal Bank of Canada decreased their price target on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Thursday, December 19th.

Hedge Funds Weigh In On Huntsman

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Huntsman by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company’s stock valued at $297,171,000 after acquiring an additional 130,702 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Huntsman by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company’s stock valued at $102,529,000 after purchasing an additional 349,502 shares in the last quarter. Pzena Investment Management LLC raised its stake in Huntsman by 320.2% in the fourth quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company’s stock worth $84,663,000 after buying an additional 3,578,100 shares in the last quarter. State Street Corp lifted its holdings in Huntsman by 2.2% in the third quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock worth $79,905,000 after buying an additional 70,382 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in Huntsman by 1.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,055,267 shares of the basic materials company’s stock valued at $73,937,000 after acquiring an additional 31,883 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Stock Performance

Shares of NYSE HUN opened at $16.87 on Friday. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of -24.44 and a beta of 0.95. The stock’s 50-day moving average is $17.77 and its 200 day moving average is $20.38. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. Huntsman has a 1-year low of $15.67 and a 1-year high of $27.01.

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.