UBS Group Lowers Huntsman (NYSE:HUN) Price Target to $23.00

Huntsman (NYSE:HUN - Get Free Report) had its price objective lowered by stock analysts at UBS Group from $24.00 to $23.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the basic materials company's stock. UBS Group's price objective points to a potential upside of 10.90% from the stock's previous close.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Huntsman from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price objective on Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada upped their target price on Huntsman from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $25.88.

Huntsman Stock Performance

Shares of HUN stock traded down $1.00 during trading on Tuesday, reaching $20.74. 4,224,041 shares of the company's stock traded hands, compared to its average volume of 1,889,679. The firm's 50-day moving average is $22.76 and its 200 day moving average is $23.08. The company has a market capitalization of $3.59 billion, a P/E ratio of -41.06 and a beta of 1.02. Huntsman has a 1 year low of $19.90 and a 1 year high of $27.01. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.55 billion. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. Equities research analysts expect that Huntsman will post 0.19 EPS for the current year.

Institutional Investors Weigh In On Huntsman

A number of institutional investors have recently made changes to their positions in the business. Matrix Trust Co bought a new stake in Huntsman in the third quarter worth $25,000. Fidelis Capital Partners LLC bought a new position in Huntsman during the 1st quarter worth approximately $45,000. nVerses Capital LLC increased its stake in Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company's stock worth $61,000 after purchasing an additional 2,500 shares during the period. Innealta Capital LLC bought a new stake in Huntsman in the second quarter valued at approximately $65,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Huntsman during the third quarter valued at approximately $78,000. Hedge funds and other institutional investors own 84.81% of the company's stock.

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.