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

Key Points

• Citigroup has reduced its target price for Huntsman stock from $11.00 to $9.00, indicating a potential downside of 3.28% from its previous close, while maintaining a "neutral" rating.
• Other analysts, including Goldman Sachs and Bank of America, have also downgraded their ratings and price targets for Huntsman, contributing to a consensus rating of "Hold" with an average target price of $12.72.
• Huntsman recently reported a loss of ($0.20) earnings per share for the quarter, missing estimates and showing a 7.4% year-over-year decline in revenue.

Huntsman (NYSE:HUN - Get Free Report) had its target price reduced by analysts at Citigroup from $11.00 to $9.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the basic materials company's stock. Citigroup's target price points to a potential downside of 3.28% from the company's previous close.

A number of other equities research analysts also recently commented on HUN. The Goldman Sachs Group dropped their price objective on shares of Huntsman from $13.50 to $12.00 and set a "sell" rating on the stock in a research report on Tuesday, July 8th. Bank of America lowered shares of Huntsman from a "buy" rating to a "neutral" rating and cut their price target for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Mizuho lowered their price target on Huntsman from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Finally, Morgan Stanley decreased their price target on Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $12.72.

Huntsman Trading Up 1.0%

Shares of HUN stock traded up $0.10 during trading hours on Monday, hitting $9.31. The company had a trading volume of 5,008,806 shares, compared to its average volume of 3,860,438. The stock has a market capitalization of $1.62 billion, a PE ratio of -4.79 and a beta of 0.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.48 and a quick ratio of 0.82. Huntsman has a fifty-two week low of $9.02 and a fifty-two week high of $25.12. The company's fifty day moving average is $11.05 and its 200 day moving average is $13.76.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.45%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business posted $0.14 earnings per share. The firm's revenue was down 7.4% on a year-over-year basis. Research analysts expect that Huntsman will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Huntsman

A number of institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Huntsman by 345.7% during the first quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company's stock worth $151,982,000 after purchasing an additional 7,699,922 shares during the period. Nomura Holdings Inc. lifted its holdings in Huntsman by 188.3% in the fourth quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock worth $58,940,000 after acquiring an additional 2,135,000 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Huntsman by 70.2% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company's stock valued at $49,815,000 after purchasing an additional 1,139,549 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Huntsman by 97.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company's stock worth $33,748,000 after purchasing an additional 1,052,127 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Huntsman in the 1st quarter worth approximately $13,181,000. Institutional investors and hedge funds 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.

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