The Goldman Sachs Group Cuts Huntsman (NYSE:HUN) Price Target to $19.00

Huntsman (NYSE:HUN - Get Free Report) had its target price decreased by The Goldman Sachs Group from $22.00 to $19.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "sell" rating on the basic materials company's stock. The Goldman Sachs Group's target price would indicate a potential upside of 9.67% from the stock's current price.

Several other research analysts have also commented on the company. UBS Group reduced their price target on Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Citigroup reduced their price objective on shares of Huntsman from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on shares of Huntsman from $25.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, February 19th. Mizuho reduced their price objective on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, Alembic Global Advisors lowered shares of Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.50.

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Huntsman Price Performance

HUN traded down $0.49 on Wednesday, hitting $17.33. 5,263,548 shares of the company's stock were exchanged, compared to its average volume of 2,072,358. Huntsman has a fifty-two week low of $15.46 and a fifty-two week high of $26.76. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $17.17 and a 200-day moving average price of $19.84. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -15.75 and a beta of 0.95.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.45 billion. As a group, equities analysts anticipate that Huntsman will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Huntsman

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in Huntsman in the fourth quarter valued at approximately $40,000. Quadrant Capital Group LLC boosted its holdings in Huntsman by 74.9% in the fourth 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. True Wealth Design LLC acquired a new position in Huntsman in the third quarter valued at approximately $62,000. Capital Performance Advisors LLP acquired a new position in Huntsman in the third quarter valued at approximately $78,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Huntsman in the fourth quarter valued at approximately $60,000. 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.