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

Huntsman (NYSE:HUN) had its price objective upped by Royal Bank Of Canada from $9.00 to $10.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock.

HUN has been the topic of several other reports. UBS Group dropped their price objective on Huntsman from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Citigroup reduced their target price on shares of Huntsman from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 target price on shares of Huntsman in a research note on Thursday, August 20th. Jefferies Financial Group set a $12.00 target price on shares of Huntsman in a report on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Huntsman in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Huntsman currently has an average rating of “Hold” and an average target price of $11.69.

Huntsman Stock Down 3.5%

Shares of Huntsman stock traded down $0.34 on Wednesday, hitting $9.45. The company had a trading volume of 2,892,899 shares, compared to its average volume of 3,000,875. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -9.45 and a beta of 0.73. Huntsman has a 1 year low of $7.74 and a 1 year high of $16.08. The stock has a 50 day moving average of $9.00 and a 200-day moving average of $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 (NYSE:HUN) last posted its earnings results on Monday, November 2nd. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a negative net margin of 2.81% and a negative return on equity of 3.11%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) EPS. As a group, sell-side analysts forecast that Huntsman will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HUN. New York Life Investment Management LLC purchased a new position in shares of Huntsman in the 3rd quarter worth about $2,992,000. Private Management Group Inc. purchased a new position in Huntsman in the third quarter valued at about $27,935,000. Inscription Capital LLC purchased a new position in Huntsman in the third quarter valued at about $177,000. Bfsg LLC bought a new position in shares of Huntsman during the 3rd quarter valued at approximately $215,000. Finally, Chicago Partners Investment Group LLC grew its position in shares of Huntsman by 457.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 198,356 shares of the basic materials company’s stock valued at $1,746,000 after acquiring an additional 162,798 shares during the period. Hedge funds and other institutional investors 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 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.