Royal Bank Of Canada Issues Pessimistic Forecast for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN) had its target price dropped by research analysts at Royal Bank Of Canada from $10.00 to $9.00 in a report released on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 8.11% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company dropped their price objective on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Huntsman in a research report on Wednesday, October 8th. Mizuho reduced their price objective on Huntsman from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Friday, October 3rd. Citigroup cut their target price on shares of Huntsman from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. Finally, The Goldman Sachs Group decreased their price target on Huntsman from $10.00 to $9.00 and set a “sell” rating for the company in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $10.82.

Huntsman Price Performance

Shares of HUN stock traded up $0.15 during midday trading on Monday, reaching $8.33. 1,665,998 shares of the company traded hands, compared to its average volume of 4,221,249. The firm has a market cap of $1.45 billion, a PE ratio of -4.26 and a beta of 0.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. The firm’s 50 day simple moving average is $9.30 and its two-hundred day simple moving average is $10.52. Huntsman has a 1-year low of $7.30 and a 1-year high of $20.94.

Huntsman (NYSE:HUN) last announced its earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts expect that Huntsman will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Huntsman

Several institutional investors have recently made changes to their positions in HUN. SJS Investment Consulting Inc. bought a new stake in shares of Huntsman in the 3rd quarter worth approximately $33,000. GAMMA Investing LLC increased its position in Huntsman by 104.9% in the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock worth $35,000 after buying an additional 2,015 shares during the period. IFP Advisors Inc boosted its holdings in shares of Huntsman by 197.6% during the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 2,431 shares during the period. Strengthening Families & Communities LLC boosted its holdings in shares of Huntsman by 2,182.0% during the third quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 4,124 shares during the period. Finally, Byrne Asset Management LLC bought a new position in shares of Huntsman during the second quarter worth about $44,000. 84.81% of the stock is owned by institutional investors.

Huntsman Company Profile

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.