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

Huntsman (NYSE:HUN) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

Several other research firms also recently weighed in on HUN. Citigroup raised their target price on shares of Huntsman from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, November 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Huntsman in a research note on Friday, October 30th. UBS Group lifted their price objective on Huntsman from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. KeyCorp upped their target price on Huntsman from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Barclays increased their target price on Huntsman from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.62.

Huntsman Stock Performance

NYSE HUN opened at $9.78 on Tuesday. Huntsman has a 1-year low of $7.99 and a 1-year high of $16.08. The company has a market capitalization of $1.71 billion, a P/E ratio of -9.78 and a beta of 0.73. The business has a 50 day moving average price of $9.01 and a 200 day moving average price of $11.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.35 and a quick ratio of 0.80.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, November 2nd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a negative return on equity of 3.11% and a negative net margin of 2.81%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) earnings per share. Sell-side analysts expect that Huntsman will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Huntsman

Several institutional investors and hedge funds have recently modified their holdings of the company. Lombard Odier Asset Management USA Corp grew its stake in Huntsman by 6.2% in the 1st quarter. Lombard Odier Asset Management USA Corp now owns 16,868 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 982 shares during the period. Fifth Third Bancorp raised its holdings in Huntsman by 15.0% in the 1st quarter. Fifth Third Bancorp now owns 11,508 shares of the basic materials company’s stock valued at $153,000 after acquiring an additional 1,498 shares during the last quarter. Essential Partners LLC lifted its stake in shares of Huntsman by 40.3% during the 1st quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 1,655 shares during the period. Versant Capital Management Inc lifted its stake in shares of Huntsman by 166.7% during the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,670 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Huntsman by 30.0% during the first quarter. EverSource Wealth Advisors LLC now owns 7,240 shares of the basic materials company’s stock worth $96,000 after purchasing an additional 1,672 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

About Huntsman

Huntsman Corporation is a global chemicals manufacturer that produces differentiated and specialty chemical products for industrial and consumer markets. Its products include polyurethane chemicals, epoxy and other advanced materials, and performance chemicals used in applications such as insulation, coatings, adhesives, construction, transportation, textiles, and electronics. Founded by Jon Huntsman Sr. in 1970, the company began as a plastics and packaging business before expanding into chemicals.