Brokerages Set Huntsman Co. (NYSE:HUN) Target Price at $22.63

Huntsman Co. (NYSE:HUN - Get Free Report) has received a consensus rating of "Hold" from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $22.63.

A number of research firms have issued reports on HUN. Alembic Global Advisors cut Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. Wells Fargo & Company reduced their price target on Huntsman from $26.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada lowered their price objective on shares of Huntsman from $23.00 to $20.00 and set a "sector perform" rating on the stock in a report on Thursday, December 19th. UBS Group reduced their target price on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Finally, Mizuho lowered their price target on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th.

Institutional Investors Weigh In On Huntsman

A number of institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in Huntsman by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company's stock worth $951,000 after buying an additional 863 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Huntsman during the 2nd quarter worth approximately $464,000. Handelsbanken Fonder AB raised its stake in Huntsman by 43.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 45,113 shares of the basic materials company's stock valued at $1,092,000 after acquiring an additional 13,600 shares during the period. CWM LLC lifted its holdings in Huntsman by 390.9% during the 3rd quarter. CWM LLC now owns 49,160 shares of the basic materials company's stock valued at $1,190,000 after purchasing an additional 39,145 shares during the last quarter. Finally, Matrix Trust Co bought a new position in Huntsman during the third quarter worth $25,000. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Down 0.3 %

HUN traded down $0.05 during trading on Friday, reaching $16.98. The company had a trading volume of 2,524,784 shares, compared to its average volume of 2,651,703. The business's fifty day moving average price is $17.83 and its 200 day moving average price is $20.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. Huntsman has a 12 month low of $15.67 and a 12 month high of $27.01. The company has a market cap of $2.94 billion, a P/E ratio of -24.60 and a beta of 0.95.

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.