Royal Bank Of Canada Cuts Huntsman (NYSE:HUN) Price Target to $10.00

Key Points

• Royal Bank of Canada has lowered the price target for Huntsman (NYSE:HUN) from $12.00 to $10.00, indicating a potential upside of 8.21% from the current price.
• Several other brokerages have also reduced their price targets and ratings on Huntsman, with Morgan Stanley setting a target of $13.50 and Wells Fargo downgrading the stock to "reduce."
• Huntsman recently reported a negative EPS of ($0.20), missing expectations, and a revenue decline of 7.4% year-over-year.

Huntsman (NYSE:HUN - Get Free Report) had its price objective decreased by research analysts at Royal Bank Of Canada from $12.00 to $10.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "sector perform" rating on the basic materials company's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 5.82% from the stock's current price.

Several other equities analysts also recently commented on HUN. The Goldman Sachs Group lowered their price objective on 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 downgraded Huntsman from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $22.00 to $15.00 in a research report on Tuesday, April 15th. Wall Street Zen downgraded Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Morgan Stanley decreased their target price on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Finally, Wells Fargo & Company downgraded Huntsman from an "overweight" rating to a "reduce" rating in a research report on Monday, May 5th. Two research analysts have 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 stock has an average rating of "Hold" and an average target price of $12.06.

Huntsman Price Performance

Shares of Huntsman stock traded down $0.05 during trading hours on Monday, hitting $9.45. The company's stock had a trading volume of 4,384,940 shares, compared to its average volume of 5,402,444. The business has a 50 day moving average price of $10.86 and a two-hundred day moving average price of $13.52. Huntsman has a 12-month low of $9.02 and a 12-month high of $25.12. The company has a market cap of $1.64 billion, a PE ratio of -4.85 and a beta of 0.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.43.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) 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 business had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Huntsman's revenue was down 7.4% on a year-over-year basis. Analysts expect that Huntsman will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Huntsman

Large investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP increased its stake in Huntsman by 28.6% during the fourth quarter. Two Sigma Investments LP now owns 1,074,347 shares of the basic materials company's stock worth $19,370,000 after acquiring an additional 239,193 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Huntsman by 898.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 167,206 shares of the basic materials company's stock worth $2,640,000 after acquiring an additional 150,461 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Huntsman by 12.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,516 shares of the basic materials company's stock worth $2,096,000 after acquiring an additional 14,812 shares during the last quarter. Twelve Points Wealth Management LLC increased its stake in Huntsman by 51.0% during the first 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 during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Huntsman by 72.0% during the first quarter. Teacher Retirement System of Texas now owns 63,424 shares of the basic materials company's stock worth $1,001,000 after acquiring an additional 26,551 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

About Huntsman

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.