Morgan Stanley Issues Pessimistic Forecast for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN - Get Free Report) had its target price lowered by stock analysts at Morgan Stanley from $20.00 to $13.50 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the basic materials company's stock. Morgan Stanley's target price suggests a potential upside of 14.89% from the stock's current price.

A number of other equities analysts also recently commented on the stock. Mizuho lowered their target price on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price objective on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday. UBS Group decreased their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. The Goldman Sachs Group cut their price objective on shares of Huntsman from $22.00 to $19.00 and set a "sell" rating on the stock in a report on Wednesday, March 5th. Finally, Bank of America cut shares of Huntsman from a "buy" rating to a "neutral" rating and lowered their target price for the company from $22.00 to $15.00 in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $16.28.

Huntsman Stock Down 3.1 %

HUN stock traded down $0.37 during midday trading on Monday, hitting $11.75. The company's stock had a trading volume of 936,528 shares, compared to its average volume of 2,468,200. Huntsman has a 52-week low of $10.00 and a 52-week high of $25.78. The firm has a 50-day simple moving average of $15.00 and a 200-day simple moving average of $17.48. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $2.04 billion, a P/E ratio of -10.70 and a beta of 0.85.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.11). The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Huntsman's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) EPS. As a group, equities analysts forecast that Huntsman will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC grew its holdings in shares of Huntsman by 177.9% during the first 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. R Squared Ltd acquired a new stake in Huntsman during the 4th quarter worth approximately $40,000. Quadrant Capital Group LLC grew its stake in shares of Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 956 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Huntsman during the fourth quarter worth approximately $60,000. Finally, Versant Capital Management Inc raised its stake in shares of Huntsman by 2,388.4% during the first quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock worth $64,000 after purchasing an additional 3,917 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

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.

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