UBS Group Lowers Huntsman (NYSE:HUN) Price Target to $13.00

Huntsman (NYSE:HUN) had its price target dropped by investment analysts at UBS Group from $18.00 to $13.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s target price would suggest a potential upside of 6.69% from the company’s current price.

A number of other equities analysts have also commented on HUN. Wells Fargo & Company cut their price target on Huntsman from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Morgan Stanley reduced their target price on Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. lowered their price target 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. The Goldman Sachs Group reduced their price objective on shares of Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a research note on Wednesday, March 5th. Finally, Mizuho lowered their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Huntsman has a consensus rating of “Hold” and a consensus target price of $18.38.

Huntsman Trading Down 7.0 %

Shares of HUN opened at $12.19 on Monday. Huntsman has a fifty-two week low of $11.99 and a fifty-two week high of $25.95. The business has a 50-day moving average of $16.46 and a 200 day moving average of $18.88. The firm has a market cap of $2.12 billion, a P/E ratio of -11.08 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36.

Huntsman (NYSE:HUN) last posted its quarterly 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. As a group, research analysts forecast that Huntsman will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Huntsman

A number of large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings 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 valued at $686,000 after buying an additional 674 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Huntsman by 74.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 956 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Huntsman by 4.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company’s stock worth $571,000 after acquiring an additional 1,212 shares in the last quarter. Mariner LLC lifted its holdings in shares of Huntsman by 10.0% in the 4th quarter. Mariner LLC now owns 13,550 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 1,233 shares during the last quarter. Finally, Bridgefront Capital LLC grew its holdings in shares of Huntsman by 16.7% during the 4th quarter. Bridgefront Capital LLC now owns 11,120 shares of the basic materials company’s stock valued at $200,000 after purchasing an additional 1,594 shares during the last quarter. 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.