Huntsman (NYSE:HUN) Stock Rating Lowered by Zacks Research

Huntsman (NYSE:HUN) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday, Zacks reports.

A number of other research analysts also recently commented on HUN. UBS Group lowered their price objective on Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Jefferies Financial Group cut their target price on Huntsman from $16.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price target on shares of Huntsman in a report on Thursday, August 20th. Bank of America upped their price target on shares of Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings cut shares of Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Huntsman currently has an average rating of “Hold” and a consensus price target of $11.29.

Huntsman Stock Up 1.1%

Shares of Huntsman stock opened at $8.15 on Monday. Huntsman has a twelve month low of $7.30 and a twelve month high of $16.08. The company has a current ratio of 1.33, a quick ratio of 0.78 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $9.37 and its 200-day simple moving average is $11.77.

Insider Transactions at Huntsman

In other Huntsman news, CEO Peter R. Huntsman bought 100,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the transaction, the chief executive officer directly owned 7,256,341 shares in the company, valued at $71,184,705.21. The trade was a 1.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HUN. NorthCrest Asset Manangement LLC acquired a new position in shares of Huntsman during the third quarter valued at $104,000. Versant Capital Management Inc lifted its holdings in Huntsman by 174.6% in the third quarter. Versant Capital Management Inc now owns 7,338 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 4,666 shares during the period. WINTON GROUP Ltd acquired a new stake in Huntsman in the second quarter worth about $906,000. Nykredit A S bought a new position in Huntsman in the 2nd quarter valued at about $32,000. Finally, Corient Private Wealth LP grew its position in Huntsman by 18.4% in the 2nd quarter. Corient Private Wealth LP now owns 67,330 shares of the basic materials company’s stock valued at $715,000 after buying an additional 10,485 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Company Profile

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company serves customers in industries including construction, automotive, aerospace, energy, electronics, coatings, adhesives, and consumer products.

Huntsman’s product portfolio includes polyurethane chemicals such as methylene diphenyl diisocyanate, or MDI, and polyols; performance chemicals including amines and maleic anhydride; and advanced materials such as epoxy-based formulations, adhesives, and composite materials.