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

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

A number of other brokerages have also recently weighed in on HUN. Jefferies Financial Group decreased their price target on shares of Huntsman from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. The Goldman Sachs Group dropped their price target on Huntsman from $10.00 to $9.00 and set a “sell” rating on the stock in a research report on Friday, October 17th. Alembic Global Advisors set a $11.00 price target on shares of Huntsman in a research report on Monday, October 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Huntsman in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their target price on Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntsman presently has an average rating of “Reduce” and a consensus target price of $10.00.

Huntsman Trading Down 1.1%

Shares of HUN opened at $8.48 on Tuesday. Huntsman has a 1-year low of $7.30 and a 1-year high of $20.94. 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 has a 50 day simple moving average of $9.14 and a 200-day simple moving average of $10.44. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -4.35 and a beta of 0.68.

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

Hedge Funds Weigh In On Huntsman

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Huntsman by 0.4% during the third quarter. Vanguard Group Inc. now owns 16,357,322 shares of the basic materials company’s stock valued at $146,889,000 after buying an additional 70,579 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Huntsman by 345.7% in the 1st quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company’s stock valued at $151,982,000 after acquiring an additional 7,699,922 shares during the last quarter. Invesco Ltd. boosted its position in shares of Huntsman by 8.0% during the 2nd quarter. Invesco Ltd. now owns 6,549,631 shares of the basic materials company’s stock valued at $68,247,000 after purchasing an additional 485,587 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Huntsman by 7.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company’s stock worth $96,407,000 after purchasing an additional 419,009 shares during the last quarter. Finally, Pzena Investment Management LLC raised its holdings in shares of Huntsman by 1.6% in the 3rd quarter. Pzena Investment Management LLC now owns 5,393,866 shares of the basic materials company’s stock worth $48,437,000 after purchasing an additional 83,098 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

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.