Brokerages Set Huntsman Co. (NYSE:HUN) Target Price at $22.63

Shares of Huntsman Co. (NYSE:HUN) have been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One 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. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.63.

Several brokerages have commented on HUN. Citigroup lowered 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. UBS Group lowered their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Alembic Global Advisors lowered Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Finally, Mizuho reduced their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Huntsman by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock valued at $686,000 after buying an additional 674 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Huntsman by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock worth $951,000 after purchasing an additional 863 shares during the last quarter. Matrix Trust Co purchased a new stake in Huntsman in the third quarter valued at approximately $25,000. Shayne & Jacobs LLC lifted its position in Huntsman by 1.2% during the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock valued at $2,282,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in Huntsman by 14.4% in the 3rd quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company’s stock worth $224,000 after buying an additional 1,163 shares in the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman Trading Down 0.7 %

Shares of Huntsman stock opened at $16.87 on Friday. The firm has a market cap of $2.92 billion, a PE ratio of -24.44 and a beta of 0.95. Huntsman has a 1 year low of $15.67 and a 1 year high of $27.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The stock has a fifty day moving average price of $17.77 and a 200-day moving average price of $20.38.

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.