Wells Fargo & Company Increases Huntsman (NYSE:HUN) Price Target to $14.00

Key Points

• Wells Fargo raised its price target on Huntsman to $14.00 (from $12.00) while keeping an "equal weight" rating, with the new target implying about a 4.11% downside from the prior close.
• Broker views are mixed-to-negative overall: analysts' ratings range from Strong Buy to Sell, the consensus label is "Reduce" and the average price target sits at $12.80.
• Huntsman recently traded around $14.60 after reporting Q results (EPS -$0.20, beating estimates; revenue $1.42B), but the company still shows a negative P/E and sell-side forecasts expect roughly -$0.50 EPS for the fiscal year.

Huntsman (NYSE:HUN - Get Free Report) had its target price upped by investment analysts at Wells Fargo & Company from $12.00 to $14.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the basic materials company's stock. Wells Fargo & Company's price target points to a potential downside of 4.11% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded Huntsman from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $11.00 to $14.00 in a research report on Thursday, February 19th. Alembic Global Advisors upgraded Huntsman from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 17th. Mizuho boosted their target price on Huntsman from $8.00 to $9.00 and gave the stock an "underperform" rating in a research report on Wednesday, February 18th. Royal Bank Of Canada boosted their target price on Huntsman from $14.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Monday. Finally, The Goldman Sachs Group restated a "sell" rating and set a $13.00 target price on shares of Huntsman in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $12.80.

Huntsman Price Performance

HUN traded up $0.38 during trading on Tuesday, hitting $14.60. The company's stock had a trading volume of 342,949 shares, compared to its average volume of 6,304,479. The firm's 50 day moving average price is $12.76 and its two-hundred day moving average price is $11.19. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Huntsman has a 12 month low of $7.30 and a 12 month high of $15.90. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -7.62 and a beta of 0.62.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.03. Huntsman had a negative return on equity of 4.56% and a negative net margin of 5.83%.The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company posted ($0.11) EPS. The business's revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts forecast that Huntsman will post -0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUN. Strategic Advocates LLC bought a new stake in shares of Huntsman in the third quarter valued at about $27,000. Strengthening Families & Communities LLC lifted its holdings in shares of Huntsman by 2,182.0% in the third quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 4,124 shares in the last quarter. Bayforest Capital Ltd lifted its holdings in shares of Huntsman by 986.0% in the third quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 5,906 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Huntsman in the third quarter valued at about $58,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Huntsman by 121.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 3,706 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.

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