UBS Group Lowers Huntsman (NYSE:HUN) Price Target to $22.00

Huntsman (NYSE:HUN) had its price target decreased by stock analysts at UBS Group from $23.00 to $22.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s target price suggests a potential upside of 8.32% from the stock’s current price.

Several other equities analysts have also issued reports on HUN. Wells Fargo & Company reduced their price target on Huntsman from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Royal Bank of Canada increased their price objective on Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 7th. Citigroup dropped their price objective on Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Finally, JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $22.00 to $27.00 in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.11.

Huntsman Price Performance

Shares of Huntsman stock opened at $20.31 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $3.51 billion, a PE ratio of -39.06 and a beta of 1.01. The business’s 50-day moving average price is $23.08 and its 200-day moving average price is $24.25. Huntsman has a 12 month low of $20.24 and a 12 month high of $28.96.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 EPS. Sell-side analysts forecast that Huntsman will post 0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in shares of Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 521 shares during the period. GAMMA Investing LLC bought a new position in Huntsman during the 4th quarter valued at approximately $36,000. Montag A & Associates Inc. bought a new position in Huntsman during the 4th quarter valued at approximately $45,000. Fidelis Capital Partners LLC bought a new position in Huntsman during the 1st quarter valued at approximately $45,000. Finally, Quarry LP bought a new position in Huntsman during the 4th quarter valued at approximately $52,000. 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.