Huntsman (NYSE:HUN) Price Target Raised to $10.00

Huntsman (NYSE:HUN) had its target price upped by Citigroup from $9.00 to $10.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

Several other research firms have also recently issued reports on HUN. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 target price on shares of Huntsman in a research report on Thursday, August 20th. Wells Fargo & Company cut their price target on shares of Huntsman from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. KeyCorp started coverage on shares of Huntsman in a report on Friday, September 11th. They issued an “overweight” rating and a $14.00 price target on the stock. Jefferies Financial Group set a $12.00 price objective on shares of Huntsman in a research note on Tuesday. Finally, Barclays upped their price objective on Huntsman from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.69.

Huntsman Trading Down 3.5%

NYSE HUN traded down $0.34 during trading hours on Wednesday, hitting $9.45. 2,892,899 shares of the company’s stock were exchanged, compared to its average volume of 3,000,875. The business’s 50 day moving average is $9.00 and its 200-day moving average is $11.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. Huntsman has a 12-month low of $7.74 and a 12-month high of $16.08. The firm has a market capitalization of $1.66 billion, a P/E ratio of -9.45 and a beta of 0.73.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, November 2nd. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). Huntsman had a negative net margin of 2.81% and a negative return on equity of 3.11%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the firm earned ($0.03) EPS. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, analysts anticipate that Huntsman will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Huntsman

Large investors have recently modified their holdings of the stock. Lombard Odier Asset Management USA Corp raised its holdings in shares of Huntsman by 6.2% during the 1st quarter. Lombard Odier Asset Management USA Corp now owns 16,868 shares of the basic materials company’s stock valued at $225,000 after buying an additional 982 shares during the period. Fifth Third Bancorp lifted its position in Huntsman by 15.0% during the 1st quarter. Fifth Third Bancorp now owns 11,508 shares of the basic materials company’s stock worth $153,000 after acquiring an additional 1,498 shares in the last quarter. Essential Partners LLC boosted its holdings in Huntsman by 40.3% in the 1st quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 1,655 shares during the period. Versant Capital Management Inc boosted its holdings in Huntsman by 166.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 1,670 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Huntsman by 30.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,240 shares of the basic materials company’s stock worth $96,000 after acquiring an additional 1,672 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

About Huntsman

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.