Huntsman's (HUN) "Underperform" Rating Reiterated at Mizuho

Key Points

• Mizuho has reaffirmed an "underperform" rating on Huntsman's stock, lowering the price target from $11.00 to $9.00, indicating a potential downside of 19.15% from the previous close.
• Other analysts have also reduced their price targets for Huntsman, with Citigroup setting a new target of $9.00 and a "neutral" rating, contributing to a consensus rating of "Hold" among analysts.
• Huntsman reported disappointing quarterly earnings with an EPS of ($0.20), missing expectations, and a revenue decline of 7.4% year-over-year, leading to concerns about the company's financial health.

Huntsman (NYSE:HUN - Get Free Report)'s stock had its "underperform" rating reissued by equities researchers at Mizuho in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $9.00 price objective on the basic materials company's stock, down from their previous price objective of $11.00. Mizuho's price objective indicates a potential downside of 17.79% from the stock's previous close.

HUN has been the subject of a number of other reports. Wall Street Zen downgraded Huntsman from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. The Goldman Sachs Group reduced their target price on Huntsman from $12.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, August 7th. UBS Group reduced their target price on Huntsman from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, July 9th. Wells Fargo & Company reduced their price objective on Huntsman from $13.00 to $9.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group reduced their price target on Huntsman from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Huntsman presently has a consensus rating of "Hold" and a consensus price target of $12.05.

Huntsman Stock Performance

NYSE:HUN traded up $0.05 during trading hours on Friday, reaching $10.95. The company had a trading volume of 1,715,497 shares, compared to its average volume of 3,941,481. Huntsman has a 1-year low of $8.91 and a 1-year high of $25.12. The firm has a market cap of $1.90 billion, a PE ratio of -5.59 and a beta of 0.65. The business's 50 day moving average price is $10.67 and its 200-day moving average price is $12.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm posted $0.14 earnings per share. The company's revenue was down 7.4% compared to the same quarter last year. Research analysts forecast that Huntsman will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its stake in Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock worth $34,000 after buying an additional 1,395 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Huntsman by 1,717.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock worth $51,000 after buying an additional 3,075 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Huntsman during the 1st quarter worth approximately $53,000. IFP Advisors Inc grew its stake in Huntsman by 197.6% during the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company's stock worth $38,000 after buying an additional 2,431 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its stake in Huntsman by 1,966.7% during the 1st quarter. Strengthening Families & Communities LLC now owns 3,906 shares of the basic materials company's stock worth $62,000 after buying an additional 3,717 shares during the last quarter. Hedge funds and other 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.