Citigroup Issues Pessimistic Forecast for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN) had its target price cut by research analysts at Citigroup from $19.00 to $14.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Citigroup’s target price indicates a potential upside of 4.67% from the company’s previous close.

HUN has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company decreased their price objective on Huntsman from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, March 28th. The Goldman Sachs Group lowered their target price on Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a research report on Wednesday, March 5th. Morgan Stanley reduced their price target on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.63.

Huntsman Price Performance

Shares of HUN stock opened at $13.38 on Friday. The business has a fifty day simple moving average of $16.76 and a 200 day simple moving average of $19.09. The company has a market cap of $2.32 billion, a P/E ratio of -12.16 and a beta of 0.95. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. Huntsman has a twelve month low of $12.46 and a twelve month high of $25.98.

Huntsman (NYSE:HUN) last issued its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. On average, sell-side analysts forecast that Huntsman will post 0.32 EPS for the current fiscal year.

Institutional Trading of Huntsman

Institutional investors have recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Huntsman in the 4th quarter valued at about $40,000. Quadrant Capital Group LLC grew its holdings in shares of Huntsman by 74.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 956 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Huntsman during the fourth quarter valued at approximately $60,000. Quarry LP bought a new stake in Huntsman during the fourth quarter worth $65,000. Finally, Versant Capital Management Inc grew its stake in Huntsman by 2,388.4% in the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 3,917 shares during the period. 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.