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

Huntsman (NYSE:HUN) had its target price lowered by equities researchers at Mizuho from $23.00 to $21.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective suggests a potential upside of 27.27% from the company’s current price.

Other analysts also recently issued reports about the stock. 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 research report on Wednesday, December 18th. Royal Bank of Canada reduced their price objective on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research report on Thursday, December 19th. UBS Group lowered their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, 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. 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $23.75.

Huntsman Stock Down 2.7 %

Shares of Huntsman stock opened at $16.50 on Tuesday. 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 business has a 50-day moving average price of $19.32 and a 200 day moving average price of $21.38. Huntsman has a fifty-two week low of $16.48 and a fifty-two week high of $27.01. The firm has a market cap of $2.85 billion, a P/E ratio of -23.91 and a beta of 0.97.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. On average, sell-side analysts forecast that Huntsman will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Huntsman

A number of hedge funds have recently modified their holdings of HUN. Matrix Trust Co acquired a new position in shares of Huntsman in the third quarter worth about $25,000. True Wealth Design LLC purchased a new position in shares of Huntsman during the third quarter valued at $62,000. Capital Performance Advisors LLP acquired a new position in Huntsman during the third quarter valued at $78,000. Quarry LP lifted its stake in Huntsman by 64.8% in the 2nd quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock worth $83,000 after acquiring an additional 1,441 shares in the last quarter. Finally, Rossmore Private Capital acquired a new stake in Huntsman during the 3rd quarter worth about $202,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

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.