StockNews.com Downgrades Huntsman (NYSE:HUN) to Sell

Huntsman (NYSE:HUN - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Wednesday.

HUN has been the topic of a number of other reports. Royal Bank of Canada lowered their price target on Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. 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 research note on Tuesday, April 15th. The Goldman Sachs Group dropped their price target on shares of Huntsman from $19.00 to $13.50 and set a "sell" rating on the stock in a research report on Tuesday, May 6th. Morgan Stanley decreased their price objective on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a report on Monday, May 5th. Finally, Wells Fargo & Company cut Huntsman from an "overweight" rating to a "reduce" rating in a report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $15.00.

Huntsman Price Performance

Shares of NYSE:HUN opened at $12.19 on Wednesday. The firm's 50 day moving average is $13.86 and its two-hundred day moving average is $16.65. The firm has a market capitalization of $2.12 billion, a P/E ratio of -11.08 and a beta of 0.82. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Huntsman has a 52 week low of $11.15 and a 52 week high of $25.78.

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 (EPS) for the quarter, hitting analysts' consensus estimates of ($0.11). The business had revenue of $1.41 billion during 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%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.06) EPS. Analysts anticipate that Huntsman will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HUN. Vanguard Group Inc. lifted its position in shares of Huntsman by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock valued at $297,171,000 after acquiring an additional 130,702 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Huntsman by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock valued at $102,529,000 after purchasing an additional 349,502 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Huntsman by 14.2% in the fourth quarter. Northern Trust Corp now owns 1,009,093 shares of the basic materials company's stock valued at $18,194,000 after purchasing an additional 125,595 shares in the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of Huntsman in the fourth quarter worth $1,338,000. Finally, Icon Advisers Inc. Co. grew its holdings in shares of Huntsman by 86.3% during the fourth quarter. Icon Advisers Inc. Co. now owns 136,000 shares of the basic materials company's stock valued at $2,452,000 after buying an additional 63,000 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

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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