Huntsman (NYSE:HUN) Price Target Cut to $10.00 by Analysts at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has revised its price target for Huntsman (NYSE:HUN) down from $12.00 to $10.00, maintaining a "sell" rating for the stock.
• Huntsman reported a loss of ($0.20) EPS for the last quarter, falling short of the consensus estimate and experiencing a 7.4% decline in revenue year-over-year.
• Multiple research firms, including UBS and Citigroup, have lowered their price targets for Huntsman, reflecting a general pessimistic outlook on the company's stock performance.

Huntsman (NYSE:HUN - Free Report) had its price target trimmed by The Goldman Sachs Group from $12.00 to $10.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a sell rating on the basic materials company's stock.

Several other research firms also recently weighed in on HUN. Morgan Stanley lowered their price target on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Royal Bank Of Canada decreased their target price on shares of Huntsman from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Mizuho cut their price target on shares of Huntsman from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Finally, Bank of America cut shares of Huntsman from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $22.00 to $15.00 in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $12.06.

Huntsman Stock Down 0.5%

Shares of HUN stock traded down $0.05 on Thursday, reaching $9.45. 4,384,940 shares of the company were exchanged, compared to its average volume of 5,402,444. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -4.85 and a beta of 0.70. The company has a 50-day moving average of $10.86 and a 200-day moving average of $13.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.82. Huntsman has a one year low of $9.02 and a one year high of $25.12.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.05). Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm posted $0.14 EPS. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. Analysts anticipate that Huntsman will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Monday, September 15th. Huntsman's dividend payout ratio (DPR) is currently -51.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HUN. Hexagon Capital Partners LLC raised its position in shares of Huntsman by 177.9% during 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 period. Quadrant Capital Group LLC raised 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 valued at $40,000 after purchasing an additional 956 shares during the period. Caitong International Asset Management Co. Ltd raised 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 valued at $51,000 after purchasing an additional 3,075 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Huntsman during the 4th quarter valued at $60,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Huntsman during the 1st quarter valued at $53,000. Hedge funds and other institutional investors own 84.81% of the company's stock.

About Huntsman

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.