Mizuho Lowers Huntsman (NYSE:HUN) Price Target to $21.00

Huntsman (NYSE:HUN) had its target price reduced by research analysts at Mizuho from $23.00 to $21.00 in a report released 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 22.16% from the stock’s previous close.

Several other analysts have also issued reports on HUN. Citigroup cut their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Royal Bank of Canada dropped their price objective on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company decreased their price target on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Finally, UBS Group reduced their price target 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.75.

Huntsman Stock Up 1.1 %

Shares of NYSE HUN traded up $0.19 on Tuesday, reaching $17.19. 232,556 shares of the company’s stock traded hands, compared to its average volume of 1,597,922. Huntsman has a 12 month low of $16.92 and a 12 month high of $27.01. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.97 billion, a price-to-earnings ratio of -24.91 and a beta of 0.97. The business’s 50 day simple moving average is $19.43 and its two-hundred day simple moving average is $21.43.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the company earned $0.15 EPS. Huntsman’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts forecast that Huntsman will post 0.09 EPS for the current fiscal year.

Insider Transactions at Huntsman

In other Huntsman 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 transaction of $432,705.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Huntsman

Institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in shares of Huntsman during the second quarter valued at about $559,000. Acadian Asset Management LLC raised its position in Huntsman by 97.2% in the second quarter. Acadian Asset Management LLC now owns 413,104 shares of the basic materials company’s stock valued at $9,403,000 after purchasing an additional 203,662 shares during the period. Quest Partners LLC lifted its stake in Huntsman by 333.8% during the second quarter. Quest Partners LLC now owns 35,792 shares of the basic materials company’s stock worth $815,000 after purchasing an additional 27,542 shares in the last quarter. Headlands Technologies LLC boosted its position in shares of Huntsman by 9,699.1% during the second quarter. Headlands Technologies LLC now owns 10,387 shares of the basic materials company’s stock worth $237,000 after buying an additional 10,281 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Huntsman by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 91,304 shares of the basic materials company’s stock worth $2,079,000 after acquiring an additional 4,521 shares in the last quarter. Hedge funds and other institutional investors 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.