Huntsman (NYSE:HUN) Given New $20.00 Price Target at JPMorgan Chase & Co.

Huntsman (NYSE:HUN - Get Free Report) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $22.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the basic materials company's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 70.21% from the stock's current price.

HUN has been the topic of several other reports. Wells Fargo & Company restated an "equal weight" rating and issued a $13.00 price target (down from $17.00) on shares of Huntsman in a research report on Monday. Bank of America cut shares of Huntsman from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $22.00 to $15.00 in a report on Tuesday, April 15th. The Goldman Sachs Group cut their target price on shares of Huntsman from $22.00 to $19.00 and set a "sell" rating on the stock in a report on Wednesday, March 5th. Citigroup decreased their price target on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Finally, Mizuho dropped their price objective on Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $16.28.

Huntsman Price Performance

NYSE HUN traded down $0.37 on Monday, reaching $11.75. The company's stock had a trading volume of 936,528 shares, compared to its average volume of 2,468,200. The business has a 50-day moving average price of $15.00 and a 200 day moving average price of $17.48. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.04 billion, a PE ratio of -10.70 and a beta of 0.85. Huntsman has a 52 week low of $10.00 and a 52 week high of $25.78.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted ($0.06) EPS. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. Sell-side analysts expect that Huntsman will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HUN. Tidal Investments LLC boosted its stake in shares of Huntsman by 84.6% during the 3rd quarter. Tidal Investments LLC now owns 28,098 shares of the basic materials company's stock worth $680,000 after buying an additional 12,875 shares during the last quarter. Principal Financial Group Inc. boosted its position in Huntsman by 10.3% during the third quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company's stock valued at $32,488,000 after purchasing an additional 124,841 shares during the last quarter. First Hawaiian Bank acquired a new position in shares of Huntsman during the 4th quarter worth approximately $569,000. Wealth Enhancement Advisory Services LLC increased its position 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 worth $686,000 after purchasing an additional 674 shares during the last quarter. Finally, Matrix Trust Co raised its stake in shares of Huntsman by 853.7% during the 4th quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company's stock worth $174,000 after purchasing an additional 8,648 shares in the last quarter. 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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