Huntsman (NYSE:HUN) Downgraded by Wall Street Zen to "Sell"

Huntsman (NYSE:HUN - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday.

A number of other analysts have also issued reports on HUN. Morgan Stanley dropped their price objective on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. UBS Group dropped their price target on shares of Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company cut shares of Huntsman from an "overweight" rating to a "reduce" rating in a research report on Monday, May 5th. The Goldman Sachs Group dropped their target price on Huntsman from $19.00 to $13.50 and set a "sell" rating on the stock in a research report on Tuesday, May 6th. Finally, Bank of America downgraded Huntsman from a "buy" rating to a "neutral" rating and reduced their price target for the company from $22.00 to $15.00 in a report on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $15.00.

Huntsman Trading Down 2.0%

Shares of NYSE HUN traded down $0.23 during midday trading on Wednesday, hitting $11.40. The stock had a trading volume of 2,970,174 shares, compared to its average volume of 2,616,256. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. Huntsman has a 1-year low of $11.15 and a 1-year high of $25.42. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -10.36 and a beta of 0.82. The company has a fifty day moving average price of $13.39 and a 200 day moving average price of $16.36.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.51 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. Huntsman's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) earnings per share. On average, analysts predict that Huntsman will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Huntsman

A number of hedge funds have recently added to or reduced their stakes in HUN. Quadrant Capital Group LLC boosted its holdings 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 buying an additional 956 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of Huntsman by 9.7% in the 1st quarter. Yousif Capital Management LLC now owns 11,004 shares of the basic materials company's stock worth $174,000 after purchasing an additional 972 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Huntsman by 4.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company's stock valued at $571,000 after purchasing an additional 1,212 shares during the period. Mariner LLC grew its stake in Huntsman by 10.0% during the 4th quarter. Mariner LLC now owns 13,550 shares of the basic materials company's stock worth $244,000 after buying an additional 1,233 shares during the last quarter. Finally, Entropy Technologies LP increased its position in Huntsman by 6.8% in the first quarter. Entropy Technologies LP now owns 19,434 shares of the basic materials company's stock worth $307,000 after buying an additional 1,239 shares during the period. Institutional investors and hedge funds 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.