Huntsman (NYSE:HUN) Given New $13.00 Price Target at Mizuho

Huntsman (NYSE:HUN) had its target price cut by analysts at Mizuho from $14.00 to $13.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective points to a potential upside of 22.24% from the company’s previous close.

A number of other research firms have also weighed in on HUN. Wall Street Zen upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup upped their price objective on shares of Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Morgan Stanley lifted their price objective on Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Weiss Ratings raised Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 price target on shares of Huntsman in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.75.

Huntsman Stock Down 2.9%

Shares of NYSE:HUN opened at $10.63 on Wednesday. Huntsman has a 12-month low of $7.30 and a 12-month high of $16.08. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average price is $13.83 and its 200-day moving average price is $12.62. The stock has a market capitalization of $1.86 billion, a P/E ratio of -5.54 and a beta of 0.64.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.03. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company earned ($0.11) EPS. Huntsman’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts anticipate that Huntsman will post -0.25 earnings per share for the current year.

Hedge Funds Weigh In On Huntsman

Several large investors have recently made changes to their positions in HUN. Strategic Advocates LLC purchased a new stake in shares of Huntsman in the 3rd quarter worth approximately $27,000. Advisory Services Network LLC purchased a new position in Huntsman during the third quarter valued at $58,000. Caitong International Asset Management Co. Ltd boosted its holdings in Huntsman by 121.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 3,706 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Huntsman by 1,005.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after acquiring an additional 5,925 shares during the last quarter. Finally, Platinum Investment Management Ltd. purchased a new stake in shares of Huntsman in the fourth quarter worth $68,000. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

About Huntsman

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.