Wells Fargo & Company Increases Huntsman (NYSE:HUN) Price Target to $14.00

Huntsman (NYSE:HUN) had its target price boosted by equities research analysts at Wells Fargo & Company from $12.00 to $14.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 4.11% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on HUN. Weiss Ratings restated a “sell (d)” rating on shares of Huntsman in a research note on Thursday, January 22nd. Wall Street Zen upgraded Huntsman from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Royal Bank Of Canada increased their price target on Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Monday. JPMorgan Chase & Co. cut Huntsman from an “overweight” rating to a “neutral” rating and increased their price target for the company from $11.00 to $14.00 in a research note on Thursday, February 19th. Finally, Alembic Global Advisors upgraded Huntsman from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Huntsman has an average rating of “Reduce” and a consensus price target of $12.80.

Huntsman Stock Performance

NYSE:HUN traded up $0.38 on Tuesday, hitting $14.60. The company’s stock had a trading volume of 342,949 shares, compared to its average volume of 6,304,479. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $12.76 and a two-hundred day moving average of $11.19. The firm has a market capitalization of $2.54 billion, a P/E ratio of -7.62 and a beta of 0.62. Huntsman has a one year low of $7.30 and a one year high of $15.90.

Huntsman (NYSE:HUN) last posted its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.03. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Huntsman had a negative return on equity of 4.56% and a negative net margin of 5.83%.The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Research analysts predict that Huntsman will post -0.5 earnings per share for the current year.

Institutional Trading of Huntsman

Several large investors have recently made changes to their positions in HUN. Strategic Advocates LLC acquired a new stake in shares of Huntsman in the 3rd quarter valued at about $27,000. Strengthening Families & Communities LLC grew its stake in shares of Huntsman by 2,182.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock valued at $39,000 after buying an additional 4,124 shares during the period. Bayforest Capital Ltd grew its stake in shares of Huntsman by 986.0% in the 3rd quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company’s stock valued at $58,000 after buying an additional 5,906 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Huntsman in the 3rd quarter valued at about $58,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Huntsman by 121.7% during the 3rd 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. 84.81% of the stock is currently owned by institutional investors and hedge funds.

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.