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

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 stock analysts at Royal Bank Of Canada from $12.00 to $10.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "sector perform" rating on the basic materials company's stock. Royal Bank Of Canada's target price would indicate a potential upside of 8.21% from the company's current price.

A number of other brokerages have also issued reports on HUN. Morgan Stanley decreased their price objective on Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a report on Monday, May 5th. Wells Fargo & Company cut Huntsman from an "overweight" rating to a "reduce" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered their price target on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. The Goldman Sachs Group cut their price objective on shares of Huntsman from $13.50 to $12.00 and set a "sell" rating on the stock in a research note on Tuesday, July 8th. Finally, Wall Street Zen lowered shares of Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $12.94.

Huntsman Stock Performance

Shares of HUN stock traded up $0.03 during trading hours on Monday, reaching $9.24. The stock had a trading volume of 767,716 shares, compared to its average volume of 3,830,911. The firm has a market capitalization of $1.61 billion, a PE ratio of -4.74 and a beta of 0.70. The firm has a 50-day simple moving average of $11.05 and a 200-day simple moving average of $13.76. Huntsman has a twelve month low of $9.02 and a twelve month high of $25.12. 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 (NYSE:HUN - Get Free Report) last posted its earnings results 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). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.51 billion. Huntsman had a negative return on equity of 2.45% and a negative net margin of 5.75%. Huntsman's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. As a group, equities analysts forecast that Huntsman will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in Huntsman by 18.1% in the 4th quarter. LPL Financial LLC now owns 41,087 shares of the basic materials company's stock valued at $741,000 after acquiring an additional 6,308 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Huntsman by 81.2% in the 4th quarter. JPMorgan Chase & Co. now owns 430,046 shares of the basic materials company's stock worth $7,754,000 after purchasing an additional 192,738 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Huntsman by 44.2% during the fourth quarter. Alliancebernstein L.P. now owns 148,599 shares of the basic materials company's stock valued at $2,679,000 after purchasing an additional 45,579 shares during the last quarter. Franklin Resources Inc. lifted its stake in Huntsman by 7.0% during the fourth quarter. Franklin Resources Inc. now owns 1,205,548 shares of the basic materials company's stock valued at $21,736,000 after purchasing an additional 78,872 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Huntsman during the fourth quarter worth approximately $91,000. 84.81% of the stock is owned by institutional investors and hedge funds.

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.

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