Huntsman (NYSE:HUN) Price Target Lowered to $11.00 at Mizuho

Huntsman (NYSE:HUN) had its price target cut by stock analysts at Mizuho from $14.00 to $11.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective suggests a potential downside of 2.69% from the company’s current price.

Several other research firms have also recently issued reports on HUN. Royal Bank Of Canada lowered their price objective on Huntsman from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company downgraded Huntsman from an “overweight” rating to a “reduce” rating in a report on Monday, May 5th. Wall Street Zen downgraded Huntsman from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. UBS Group decreased their target price on Huntsman from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, July 9th. Finally, Citigroup reaffirmed a “neutral” rating and set a $11.00 price target (down previously from $12.00) on shares of Huntsman in a report on Thursday, July 10th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.17.

Huntsman Stock Performance

Shares of Huntsman stock opened at $11.30 on Tuesday. Huntsman has a 1 year low of $10.13 and a 1 year high of $25.12. The firm’s 50-day moving average is $11.39 and its 200 day moving average is $14.32. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -12.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.48 and a quick ratio of 0.82.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Huntsman had a negative net margin of 2.63% and a negative return on equity of 0.65%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The business’s revenue was down 4.1% on a year-over-year basis. Sell-side analysts anticipate that Huntsman will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Huntsman

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Huntsman by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company’s stock worth $297,171,000 after buying an additional 130,702 shares during the last quarter. AQR Capital Management LLC raised its position in Huntsman by 345.7% in the first quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company’s stock worth $151,982,000 after acquiring an additional 7,699,922 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Huntsman by 7.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company’s stock worth $96,407,000 after acquiring an additional 419,009 shares during the last quarter. Invesco Ltd. grew its position in shares of Huntsman by 1.3% during the 1st quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company’s stock valued at $95,751,000 after acquiring an additional 75,097 shares during the period. Finally, Pzena Investment Management LLC increased its stake in shares of Huntsman by 3.5% in the 1st quarter. Pzena Investment Management LLC now owns 4,859,007 shares of the basic materials company’s stock worth $76,724,000 after purchasing an additional 163,329 shares in the last quarter. 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.