Huntsman (NYSE:HUN) Given New $18.00 Price Target at Royal Bank of Canada

Huntsman (NYSE:HUN - Get Free Report) had its target price raised by Royal Bank of Canada from $17.00 to $18.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "sector perform" rating on the basic materials company's stock. Royal Bank of Canada's target price suggests a potential upside of 2.12% from the stock's current price.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their price target on Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday. Citigroup reduced their target price on shares of Huntsman from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company dropped their price objective on shares of Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday. Alembic Global Advisors lowered shares of Huntsman from an "overweight" rating to a "neutral" rating in a research report on Wednesday, January 15th. Finally, UBS Group lowered their price objective on Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $21.63.

Huntsman Stock Performance

NYSE HUN traded down $0.15 during trading on Thursday, reaching $17.63. 2,334,043 shares of the company's stock were exchanged, compared to its average volume of 2,923,345. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. The business has a 50 day moving average price of $17.39 and a 200-day moving average price of $20.10. The stock has a market capitalization of $3.05 billion, a P/E ratio of -16.02 and a beta of 0.95. Huntsman has a fifty-two week low of $15.67 and a fifty-two week high of $27.01.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Sell-side analysts forecast that Huntsman will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Huntsman

Several hedge funds and other institutional investors have recently made changes to their positions in HUN. Pzena Investment Management LLC grew its position in 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 worth $84,663,000 after acquiring an additional 3,578,100 shares during the last quarter. Nomura Holdings Inc. increased its stake in shares of Huntsman by 188.3% in the fourth 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 during the period. Norges Bank acquired a new position in shares of Huntsman in the fourth quarter worth approximately $37,464,000. Deprince Race & Zollo Inc. boosted its holdings in Huntsman by 70.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company's stock valued at $49,815,000 after acquiring an additional 1,139,549 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Huntsman by 61.3% during the 4th quarter. Marshall Wace LLP now owns 1,712,163 shares of the basic materials company's stock worth $30,870,000 after purchasing an additional 650,951 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

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.