Huntsman (NYSE:HUN) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (D)" rating for Huntsman, indicating a negative outlook on the stock.
• Huntsman reported a loss of ($0.20) earnings per share, missing the consensus estimate, and experienced a 7.4% decline in revenue year-over-year.
• Analysts have lowered their price targets on Huntsman, with an average target now at $11.70, while the stock is currently trading around $8.99.

Huntsman (NYSE:HUN - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities analysts also recently issued reports on HUN. Jefferies Financial Group decreased their price objective on shares of Huntsman from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Wednesday, September 10th. Citigroup decreased their target price on shares of Huntsman from $9.00 to $8.50 and set a "neutral" rating for the company in a research note on Thursday, October 2nd. Royal Bank Of Canada decreased their target price on shares of Huntsman from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Wells Fargo & Company decreased their target price on shares of Huntsman from $13.00 to $9.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 5th. Finally, Mizuho decreased their target price on shares of Huntsman from $9.00 to $8.00 and set an "underperform" rating for the company in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Huntsman presently has an average rating of "Reduce" and an average price target of $11.70.

Huntsman Stock Performance

NYSE HUN opened at $8.99 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. Huntsman has a 1 year low of $8.68 and a 1 year high of $24.13. The company has a market capitalization of $1.56 billion, a PE ratio of -4.61 and a beta of 0.64. The company has a fifty day moving average of $10.06 and a two-hundred day moving average of $11.47.

Huntsman (NYSE:HUN - Get Free Report) last released 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 2.48%. 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 prior year, the company earned $0.14 EPS. The business's revenue was down 7.4% on a year-over-year basis. As a group, analysts expect that Huntsman will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HUN. Hexagon Capital Partners LLC raised its holdings in Huntsman by 177.9% during the first quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock worth $34,000 after purchasing an additional 1,395 shares in the last quarter. GAMMA Investing LLC raised its holdings in Huntsman by 104.9% during the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company's stock worth $35,000 after purchasing an additional 2,015 shares in the last quarter. IFP Advisors Inc raised its holdings in Huntsman by 197.6% during the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company's stock worth $38,000 after purchasing an additional 2,431 shares in the last quarter. Byrne Asset Management LLC purchased a new position in Huntsman during the second quarter worth about $44,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Huntsman by 1,717.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock valued at $51,000 after buying an additional 3,075 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

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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