Huntsman's (HUN) Neutral Rating Reaffirmed at Citigroup

Key Points

• Citigroup reaffirmed its “neutral” rating on Huntsman and set an $11 price target, implying approximately 18.3% upside from the stock’s $9.29 price. The broader analyst consensus remains “Hold,” with an average target of $12.23.
• Huntsman shares have declined 0.1% and remain below their 50-day and 200-day moving averages, trading within a 52-week range of $7.30 to $16.08.
• CEO Peter Huntsman bought 100,000 shares for roughly $981,000, while institutional investors own approximately 84.8% of the company’s stock.

Huntsman (NYSE:HUN - Get Free Report)'s stock had its "neutral" rating restated by analysts at Citigroup in a research note issued on Tuesday, Benzinga reports. They presently have a $11.00 price objective on the basic materials company's stock. Citigroup's price objective indicates a potential upside of 18.34% from the company's current price.

HUN has been the topic of several other reports. Mizuho dropped their target price on Huntsman from $14.00 to $13.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 1st. Wells Fargo & Company lowered their target price on shares of Huntsman from $14.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 4th. Royal Bank Of Canada dropped their price objective on shares of Huntsman from $11.00 to $10.00 and set a "sector perform" rating on the stock in a report on Monday, August 3rd. The Goldman Sachs Group set a $12.00 target price on Huntsman in a research note on Thursday, July 16th. Finally, Weiss Ratings lowered Huntsman from a "sell (d)" rating to a "sell (d-)" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $12.23.

Huntsman Stock Down 0.1%

Shares of HUN traded down $0.01 during trading hours on Tuesday, hitting $9.29. The company had a trading volume of 1,324,922 shares, compared to its average volume of 5,457,085. The company has a market capitalization of $1.63 billion, a PE ratio of -8.95 and a beta of 0.70. The company has a current ratio of 1.33, a quick ratio of 0.78 and a debt-to-equity ratio of 0.59. The company's fifty day moving average price is $10.60 and its two-hundred day moving average price is $12.26. Huntsman has a one year low of $7.30 and a one year high of $16.08.

Insider Buying and Selling

In other news, CEO Peter R. Huntsman acquired 100,000 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were acquired at an average price of $9.81 per share, with a total value of $981,000.00. Following the purchase, the chief executive officer directly owned 7,256,341 shares of the company's stock, valued at $71,184,705.21. This trade represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lombard Odier Asset Management USA Corp grew its position in shares of Huntsman by 6.2% during the 1st quarter. Lombard Odier Asset Management USA Corp now owns 16,868 shares of the basic materials company's stock valued at $225,000 after acquiring an additional 982 shares during the period. Fifth Third Bancorp grew its holdings in Huntsman by 15.0% in the first quarter. Fifth Third Bancorp now owns 11,508 shares of the basic materials company's stock valued at $153,000 after purchasing an additional 1,498 shares during the period. Essential Partners LLC increased its position in shares of Huntsman by 40.3% in the first quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company's stock valued at $77,000 after buying an additional 1,655 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Huntsman by 166.7% during the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company's stock worth $28,000 after buying an additional 1,670 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Huntsman by 30.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,240 shares of the basic materials company's stock valued at $96,000 after buying an additional 1,672 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Company Profile

Huntsman Corporation NYSE: HUN is a global manufacturer of differentiated chemicals and performance materials. The company supplies products used in construction, automotive, aerospace, electronics, energy, coatings, adhesives, footwear, and other industrial and consumer applications.

Huntsman's principal offerings include polyurethane systems and polyurethane intermediates, epoxy and other advanced-materials solutions, amines, maleic anhydride, and specialty chemicals. Its materials are used to produce insulation, composites, coatings, adhesives, elastomers, and other products designed to improve durability, energy efficiency, weight, and performance.

Founded in 1970 by Jon M.

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