Wells Fargo & Company Cuts Huntsman (NYSE:HUN) Price Target to $22.00

Huntsman (NYSE:HUN) had its price objective cut by equities research analysts at Wells Fargo & Company from $25.00 to $22.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 23.84% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Morgan Stanley cut their price target on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Citigroup cut their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. UBS Group cut 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. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada cut their target price 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.63.

Huntsman Trading Down 1.5 %

NYSE HUN opened at $17.77 on Wednesday. Huntsman has a 1-year low of $15.67 and a 1-year high of $27.01. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average of $17.42 and a 200-day moving average of $20.12. The firm has a market cap of $3.07 billion, a PE ratio of -16.15 and a beta of 0.95.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. As a group, sell-side analysts forecast that Huntsman will post 0.47 EPS for the current year.

Institutional Trading of Huntsman

Several large investors have recently modified their holdings of HUN. Creative Planning lifted its position in Huntsman by 16.0% during the third quarter. Creative Planning now owns 28,925 shares of the basic materials company’s stock valued at $700,000 after purchasing an additional 3,997 shares in the last quarter. Raymond James & Associates lifted its position in Huntsman by 1.2% during the third quarter. Raymond James & Associates now owns 271,287 shares of the basic materials company’s stock valued at $6,565,000 after purchasing an additional 3,291 shares in the last quarter. Shayne & Jacobs LLC lifted its position in Huntsman by 1.2% during the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock valued at $2,282,000 after purchasing an additional 1,140 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Huntsman by 11.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,103 shares of the basic materials company’s stock valued at $2,408,000 after purchasing an additional 9,876 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Huntsman by 257.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,396 shares of the basic materials company’s stock valued at $905,000 after purchasing an additional 26,934 shares in the last quarter. 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.