Huntsman's (HUN) Underperform Rating Reaffirmed 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 research analysts at Mizuho in a research note issued on Friday, MarketBeat Ratings reports. They currently have a $9.00 price target on the basic materials company's stock, down from their prior price target of $11.00. Mizuho's target price would indicate a potential downside of 19.15% from the company's previous close.

Other equities analysts have also issued research reports about the stock. Citigroup lowered their price target on shares of Huntsman from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Royal Bank Of Canada lowered their price target on shares of Huntsman from $12.00 to $10.00 and set a "sector perform" rating for the company in a research report on Monday, August 4th. The Goldman Sachs Group lowered their price target on shares of Huntsman from $12.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, August 7th. Wells Fargo & Company lowered their price target on shares of Huntsman from $13.00 to $9.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group decreased their target price on shares of Huntsman from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $12.05.

Huntsman Stock Up 3.1%

Huntsman stock opened at $11.13 on Friday. The company has a 50-day simple moving average of $10.68 and a 200-day simple moving average of $12.44. The firm has a market capitalization of $1.93 billion, a P/E ratio of -5.71 and a beta of 0.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. Huntsman has a one year low of $8.91 and a one year high of $25.12.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $1.51 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The firm's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. As a group, equities analysts expect 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. Hexagon Capital Partners LLC boosted its position in shares of Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 1,395 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Huntsman by 197.6% during the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 2,431 shares in the last quarter. Byrne Asset Management LLC bought a new position in shares of Huntsman during the 2nd quarter valued at about $44,000. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 valued at $51,000 after purchasing an additional 3,075 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of Huntsman during the 1st quarter valued at about $53,000. Institutional investors 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.

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