Huntsman (NYSE:HUN - Get Free Report) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $25.00 to $22.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the basic materials company's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 24.82% from the stock's current price.
Other analysts have also recently issued research reports about the company. Alembic Global Advisors cut Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. Wells Fargo & Company lowered their price target on Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday. Royal Bank of Canada lowered their price target on Huntsman from $23.00 to $20.00 and set a "sector perform" rating for the company in a report on Thursday, December 19th. Citigroup decreased their target price on Huntsman from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, December 18th. Finally, UBS Group decreased their target price on Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. One equities 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, Huntsman currently has an average rating of "Hold" and a consensus target price of $21.63.
Check Out Our Latest Report on Huntsman
Huntsman Price Performance
HUN stock traded down $0.15 during trading on Wednesday, hitting $17.63. The stock had a trading volume of 2,334,043 shares, compared to its average volume of 2,923,345. The company's 50 day moving average price is $17.39 and its two-hundred day moving average price is $20.10. Huntsman has a 1-year low of $15.67 and a 1-year high of $27.01. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of -16.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36.
Huntsman (NYSE:HUN - Get Free Report) last announced its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. On average, sell-side analysts forecast that Huntsman will post 0.47 EPS for the current fiscal year.
Hedge Funds Weigh In On Huntsman
A number of institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Huntsman by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company's stock valued at $686,000 after purchasing an additional 674 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Huntsman by 74.9% in 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 in the last quarter. Shayne & Jacobs LLC raised its position in shares of Huntsman by 1.2% in the 3rd quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company's stock valued at $2,282,000 after purchasing an additional 1,140 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Huntsman by 14.4% in the 3rd quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company's stock valued at $224,000 after purchasing an additional 1,163 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Huntsman by 4.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company's stock valued at $571,000 after purchasing an additional 1,212 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.
Huntsman Company Profile
(
Get Free Report)
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.
See Also
Before you consider Huntsman, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huntsman wasn't on the list.
While Huntsman currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
