Huntsman (NYSE:HUN - Get Free Report) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $25.00 to $22.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the basic materials company's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 22.32% from the stock's current price.
A number of other brokerages also recently commented on HUN. Mizuho lowered their price objective on Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. 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 cut 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. Alembic Global Advisors downgraded shares of Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. Finally, Morgan Stanley cut their price target on shares of Huntsman from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $21.88.
Check Out Our Latest Research Report on HUN
Huntsman stock traded up $0.19 during midday trading on Wednesday, reaching $17.99. 1,503,169 shares of the company were exchanged, compared to its average volume of 2,832,750. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of -26.08 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. The firm's 50-day simple moving average is $17.52 and its 200-day simple moving average is $20.19. Huntsman has a 1 year low of $15.67 and a 1 year high of $27.01.
Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. On average, analysts anticipate that Huntsman will post 0.05 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Huntsman by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 597,715 shares of the basic materials company's stock worth $10,777,000 after acquiring an additional 81,481 shares during the period. Voloridge Investment Management LLC lifted its position in shares of Huntsman by 289.8% during the fourth quarter. Voloridge Investment Management LLC now owns 190,139 shares of the basic materials company's stock worth $3,428,000 after purchasing an additional 141,356 shares in the last quarter. Two Sigma Advisers LP grew its holdings in Huntsman by 30.6% during the 4th quarter. Two Sigma Advisers LP now owns 741,700 shares of the basic materials company's stock valued at $13,373,000 after purchasing an additional 173,800 shares in the last quarter. Two Sigma Investments LP increased its stake in Huntsman by 28.6% during the 4th quarter. Two Sigma Investments LP now owns 1,074,347 shares of the basic materials company's stock worth $19,370,000 after buying an additional 239,193 shares during the period. Finally, Systematic Financial Management LP lifted its holdings in Huntsman by 8.0% in the 4th quarter. Systematic Financial Management LP now owns 636,415 shares of the basic materials company's stock worth $11,475,000 after buying an additional 47,209 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.
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.
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