Wells Fargo & Company Has Lowered Expectations for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN - Free Report) had its price target reduced by Wells Fargo & Company from $20.00 to $17.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the basic materials company's stock.

A number of other equities research analysts have also commented on HUN. Royal Bank of Canada raised their price objective on shares of Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a report on Thursday, February 20th. UBS Group lowered their price target on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Morgan Stanley reduced their target price on shares of Huntsman from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Mizuho dropped their target price on Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price target on Huntsman from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Huntsman currently has a consensus rating of "Hold" and a consensus price target of $18.00.

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Huntsman Trading Up 0.6 %

NYSE HUN traded up $0.08 during trading hours on Wednesday, hitting $13.73. The company's stock had a trading volume of 2,809,951 shares, compared to its average volume of 2,327,505. Huntsman has a twelve month low of $11.90 and a twelve month high of $25.92. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $2.39 billion, a P/E ratio of -12.48 and a beta of 0.85. The stock has a fifty day moving average of $16.24 and a 200 day moving average of $18.60.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Equities research analysts forecast that Huntsman will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.28%. The ex-dividend date of this dividend was Friday, March 14th. Huntsman's dividend payout ratio (DPR) is -90.91%.

Institutional Trading of Huntsman

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its stake in shares of Huntsman by 320.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock valued at $84,663,000 after purchasing an additional 3,578,100 shares during the period. Nomura Holdings Inc. increased its position in shares of Huntsman by 188.3% during the fourth quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock worth $58,940,000 after acquiring an additional 2,135,000 shares in the last quarter. Norges Bank purchased a new stake in shares of Huntsman in the fourth quarter worth approximately $37,464,000. Deprince Race & Zollo Inc. lifted its stake in Huntsman by 70.2% during the 4th 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 in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Huntsman by 61.3% during the fourth quarter. Marshall Wace LLP now owns 1,712,163 shares of the basic materials company's stock valued at $30,870,000 after purchasing an additional 650,951 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

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.