Mizuho Has Lowered Expectations for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN - Get Free Report) had its target price decreased by investment analysts at Mizuho from $23.00 to $21.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the basic materials company's stock. Mizuho's price objective indicates a potential upside of 23.53% from the stock's current price.

A number of other brokerages also recently commented on HUN. Citigroup lowered their target price on Huntsman from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada dropped their price target on Huntsman from $23.00 to $20.00 and set a "sector perform" rating for the company in a research report on Thursday, December 19th. UBS Group cut their price objective 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, Wells Fargo & Company reduced their price target on Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $23.75.

Huntsman Stock Performance

HUN stock remained flat at $17.00 during mid-day trading on Tuesday. 1,853,893 shares of the company's stock were exchanged, compared to its average volume of 2,013,473. The firm has a market cap of $2.94 billion, a PE ratio of -24.64 and a beta of 0.97. The company has a 50 day simple moving average of $19.32 and a 200-day simple moving average of $21.38. Huntsman has a fifty-two week low of $16.92 and a fifty-two week high of $27.01. 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 (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the company posted $0.15 earnings per share. The firm's quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts expect that Huntsman will post 0.09 earnings per share for the current fiscal year.

Insider Activity at Huntsman

In related news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Huntsman

Several hedge funds have recently modified their holdings of the business. 1832 Asset Management L.P. lifted its stake in shares of Huntsman by 54.0% in the second quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company's stock valued at $100,536,000 after purchasing an additional 1,547,344 shares during the period. AQR Capital Management LLC grew its holdings in shares of Huntsman by 383.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company's stock worth $32,138,000 after acquiring an additional 1,124,113 shares during the period. Pzena Investment Management LLC purchased a new position in Huntsman in the 3rd quarter valued at approximately $27,045,000. Hotchkis & Wiley Capital Management LLC raised its holdings in Huntsman by 295.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 722,990 shares of the basic materials company's stock worth $17,496,000 after purchasing an additional 539,990 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Huntsman by 45.0% in the second quarter. Marshall Wace LLP now owns 1,213,629 shares of the basic materials company's stock valued at $27,634,000 after buying an additional 376,423 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

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.