The Goldman Sachs Group Has Lowered Expectations for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN - Get Free Report) had its price objective dropped by equities researchers at The Goldman Sachs Group from $13.50 to $12.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "sell" rating on the basic materials company's stock. The Goldman Sachs Group's target price points to a potential upside of 7.24% from the stock's current price.

HUN has been the topic of several other research reports. Bank of America cut Huntsman from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. Morgan Stanley cut their target price on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their target price on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Citigroup cut their price target on Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Finally, UBS Group dropped their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Three 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $14.83.

Huntsman Price Performance

Shares of NYSE:HUN traded up $0.54 on Tuesday, reaching $11.19. The company's stock had a trading volume of 2,554,258 shares, compared to its average volume of 3,644,702. The company has a 50-day simple moving average of $11.52 and a 200 day simple moving average of $14.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 1.48. Huntsman has a 52-week low of $10.13 and a 52-week high of $25.12. The company has a market cap of $1.94 billion, a P/E ratio of -12.30 and a beta of 0.70.

Huntsman (NYSE:HUN - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, meeting analysts' consensus estimates of ($0.11). The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.51 billion. Huntsman had a negative return on equity of 0.65% and a negative net margin of 2.63%. The company's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. As a group, equities research analysts anticipate that Huntsman will post 0.32 EPS for the current fiscal year.

Institutional Trading of Huntsman

Institutional investors have recently made changes to their positions in the company. Hexagon Capital Partners LLC increased its holdings in Huntsman by 177.9% in 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 during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Huntsman by 74.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock worth $40,000 after purchasing an additional 956 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted 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 worth $51,000 after purchasing an additional 3,075 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Huntsman in the first quarter valued at $53,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Huntsman in the fourth quarter valued at $60,000. Hedge funds and other institutional investors 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.

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