Royal Bank Of Canada Has Lowered Expectations for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN) had its target price decreased by research analysts at Royal Bank Of Canada from $11.00 to $10.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target indicates a potential downside of 0.94% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $15.00 price target on shares of Huntsman in a research note on Tuesday, May 19th. UBS Group reaffirmed a “neutral” rating and issued a $10.00 price target on shares of Huntsman in a research note on Monday. Weiss Ratings raised shares of Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Citigroup lifted their target price on shares of Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group set a $12.00 price objective on Huntsman in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.08.

Huntsman Trading Up 3.4%

Huntsman stock traded up $0.34 during trading hours on Monday, reaching $10.10. The company had a trading volume of 1,738,448 shares, compared to its average volume of 6,083,187. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75. Huntsman has a 12-month low of $7.30 and a 12-month high of $16.08. The company has a 50-day moving average price of $12.66 and a 200 day moving average price of $12.81. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -9.72 and a beta of 0.70.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. Huntsman had a negative net margin of 3.05% and a negative return on equity of 3.49%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. Equities analysts forecast that Huntsman will post -0.22 earnings per share for the current year.

Institutional Trading of Huntsman

A number of large investors have recently added to or reduced their stakes in HUN. Versant Capital Management Inc boosted its position in shares of Huntsman by 166.7% during the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 1,670 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Huntsman during the third quarter valued at $58,000. Caitong International Asset Management Co. Ltd lifted its position in Huntsman by 121.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 3,706 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Huntsman by 1,005.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after buying an additional 5,925 shares during the last quarter. Finally, Platinum Investment Management Ltd. purchased a new stake in shares of Huntsman during the 4th quarter valued at about $68,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.