Huntsman (NYSE:HUN) Given Neutral Rating at Citigroup

Huntsman (NYSE:HUN - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at Citigroup in a research note issued on Thursday, Marketbeat reports. They currently have a $11.00 price target on the basic materials company's stock, down from their prior price target of $12.00. Citigroup's price target indicates a potential downside of 2.08% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada reduced their price objective on Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Bank of America lowered Huntsman from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $22.00 to $15.00 in a research report on Tuesday, April 15th. 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 research note on Monday, May 5th. JPMorgan Chase & Co. cut their price objective on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, The Goldman Sachs Group decreased their target price on shares of Huntsman from $13.50 to $12.00 and set a "sell" rating for the company in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Huntsman has an average rating of "Hold" and an average target price of $14.28.

Huntsman Stock Performance

Shares of NYSE HUN traded down $0.26 during mid-day trading on Thursday, hitting $11.23. The company had a trading volume of 688,883 shares, compared to its average volume of 2,863,004. Huntsman has a 12 month low of $10.13 and a 12 month high of $25.12. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -12.35 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. The firm's 50 day simple moving average is $11.40 and its two-hundred day simple moving average is $14.41.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.11). The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.51 billion. Huntsman had a negative return on equity of 0.65% and a negative net margin of 2.63%. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business posted ($0.06) earnings per share. As a group, equities research analysts forecast that Huntsman will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Huntsman

Several large investors have recently made changes to their positions in HUN. Two Sigma Investments LP raised its holdings in shares of Huntsman by 28.6% in the 4th quarter. Two Sigma Investments LP now owns 1,074,347 shares of the basic materials company's stock worth $19,370,000 after purchasing an additional 239,193 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Huntsman by 898.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 167,206 shares of the basic materials company's stock valued at $2,640,000 after buying an additional 150,461 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Huntsman by 12.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,516 shares of the basic materials company's stock valued at $2,096,000 after acquiring an additional 14,812 shares during the last quarter. Twelve Points Wealth Management LLC boosted its stake in shares of Huntsman by 51.0% during the 1st quarter. Twelve Points Wealth Management LLC now owns 115,641 shares of the basic materials company's stock worth $1,826,000 after acquiring an additional 39,035 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Huntsman by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock worth $297,171,000 after acquiring an additional 130,702 shares during the last quarter. 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.