Huntsman (NYSE:HUN) Price Target Cut to $25.00 by Analysts at Wells Fargo & Company

Huntsman (NYSE:HUN) had its target price lowered by equities research analysts at Wells Fargo & Company from $26.00 to $25.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 15.96% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. UBS Group reduced their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday. Royal Bank of Canada boosted their price target on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.75.

Huntsman Stock Up 4.0 %

NYSE HUN traded up $0.82 on Wednesday, reaching $21.56. 636,482 shares of the stock traded hands, compared to its average volume of 1,883,498. The company has a market cap of $3.73 billion, a price-to-earnings ratio of -43.16 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30. Huntsman has a 12 month low of $19.90 and a 12 month high of $27.01. The company has a fifty day moving average price of $22.74 and a 200-day moving average price of $23.06.

Huntsman (NYSE:HUN) last issued its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the business earned $0.15 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, research analysts forecast that Huntsman will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Huntsman

Institutional investors have recently added to or reduced their stakes in the business. 1832 Asset Management L.P. boosted its stake in Huntsman by 753.2% in the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock worth $74,652,000 after purchasing an additional 2,531,800 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Huntsman by 383.0% during the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after buying an additional 1,124,113 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Huntsman by 52.4% during the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock valued at $53,701,000 after buying an additional 811,099 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Huntsman in the 1st quarter valued at $10,523,000. Finally, Marshall Wace LLP raised its stake in Huntsman by 45.0% in the 2nd quarter. Marshall Wace LLP now owns 1,213,629 shares of the basic materials company’s stock worth $27,634,000 after acquiring an additional 376,423 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

About Huntsman

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.