Huntsman (NYSE:HUN - Get Free Report) had its price target decreased by investment analysts at The Goldman Sachs Group from $13.50 to $12.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "sell" rating on the basic materials company's stock. The Goldman Sachs Group's target price would suggest a potential upside of 4.30% from the stock's previous close.
A number of other analysts have also weighed in on HUN. Wells Fargo & Company lowered shares of Huntsman from an "overweight" rating to a "reduce" rating in a research report on Monday, May 5th. Royal Bank Of Canada cut their price target on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. cut their price target on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Citigroup cut their price target on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Finally, UBS Group cut their price target on shares of Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Huntsman has an average rating of "Hold" and an average target price of $14.28.
View Our Latest Report on HUN
Huntsman Price Performance
NYSE:HUN traded down $0.38 during mid-day trading on Tuesday, reaching $11.51. The stock had a trading volume of 1,739,930 shares, compared to its average volume of 2,863,580. The stock has a 50-day simple moving average of $11.41 and a two-hundred day simple moving average of $14.51. The stock has a market capitalization of $2.00 billion, a PE ratio of -12.64 and a beta of 0.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.48 and a quick ratio of 0.82. Huntsman has a 12 month low of $10.13 and a 12 month high of $25.12.
Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.51 billion. Huntsman had a negative net margin of 2.63% and a negative return on equity of 0.65%. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. On average, equities analysts anticipate that Huntsman will post 0.32 earnings per share for the current year.
Institutional Investors Weigh In On Huntsman
A number of institutional investors have recently added to or reduced their stakes in HUN. AQR Capital Management LLC boosted its stake in Huntsman by 345.7% in the first quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company's stock valued at $151,982,000 after acquiring an additional 7,699,922 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Huntsman by 320.2% during the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock valued at $84,663,000 after buying an additional 3,578,100 shares in the last quarter. Nomura Holdings Inc. lifted its stake in shares of Huntsman by 188.3% during the 4th quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock valued at $58,940,000 after buying an additional 2,135,000 shares in the last quarter. Norges Bank purchased a new stake in shares of Huntsman during the 4th quarter valued at approximately $37,464,000. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of Huntsman by 70.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company's stock valued at $49,815,000 after buying an additional 1,139,549 shares in the last quarter. 84.81% of the stock is owned by institutional investors.
About Huntsman
(
Get Free Report)
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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