Mizuho Lowers Huntsman (NYSE:HUN) Price Target to $11.00

Huntsman (NYSE:HUN - Free Report) had its price objective lowered by Mizuho from $14.00 to $11.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Mizuho currently has a neutral rating on the basic materials company's stock.

A number of other equities research analysts have also weighed in on the company. Citigroup restated a "neutral" rating and set a $11.00 price objective (down previously from $12.00) on shares of Huntsman in a research note on Thursday, July 10th. JPMorgan Chase & Co. reduced their target price on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Morgan Stanley reduced their target price on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Royal Bank Of Canada reduced their target price on Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. Finally, Wall Street Zen downgraded Huntsman from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $13.17.

Huntsman Stock Up 1.6%

Shares of HUN stock traded up $0.18 during trading hours on Tuesday, reaching $11.24. The company had a trading volume of 2,892,043 shares, compared to its average volume of 2,882,895. Huntsman has a twelve month low of $10.13 and a twelve month high of $25.12. The stock's fifty day simple moving average is $11.38 and its 200 day simple moving average is $14.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 1.48. The company has a market capitalization of $1.95 billion, a P/E ratio of -12.39 and a beta of 0.70.

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 for the quarter, meeting analysts' consensus estimates of ($0.11). Huntsman had a negative return on equity of 0.65% and a negative net margin of 2.63%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm earned ($0.06) EPS. Huntsman's quarterly revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts expect that Huntsman will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 8.90%. Huntsman's payout ratio is -109.89%.

Institutional Trading of Huntsman

A number of institutional investors and hedge funds have recently made changes to their positions in HUN. AQR Capital Management LLC lifted its position in shares of Huntsman by 345.7% in the first quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company's stock worth $151,982,000 after buying an additional 7,699,922 shares during the last quarter. Nomura Holdings Inc. lifted its position in shares of Huntsman by 188.3% in the fourth quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock worth $58,940,000 after buying an additional 2,135,000 shares during the last quarter. Norges Bank acquired a new stake in shares of Huntsman in the fourth quarter worth about $37,464,000. Deprince Race & Zollo Inc. increased its stake in shares of Huntsman by 70.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company's stock worth $49,815,000 after purchasing an additional 1,139,549 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Huntsman by 97.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company's stock worth $33,748,000 after purchasing an additional 1,052,127 shares during the period. Institutional investors and hedge funds own 84.81% of the company's stock.

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.