Royal Bank of Canada Has Lowered Expectations for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN) had its price target reduced by Royal Bank of Canada from $15.00 to $12.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 0.88% from the company’s previous close.

Several other brokerages have also commented on HUN. UBS Group dropped their price target on shares of Huntsman from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Mizuho decreased their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $13.00 target price (down previously from $17.00) on shares of Huntsman in a research report on Monday. Morgan Stanley lowered their target price on shares of Huntsman from $20.00 to $13.50 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Citigroup reduced their price target on Huntsman from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.61.

Huntsman Stock Down 1.9 %

Shares of HUN stock traded down $0.23 during mid-day trading on Monday, reaching $11.90. 1,656,331 shares of the company were exchanged, compared to its average volume of 3,527,708. The company has a market capitalization of $2.07 billion, a P/E ratio of -10.81 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. Huntsman has a fifty-two week low of $11.65 and a fifty-two week high of $25.78. The business’s 50 day simple moving average is $15.00 and its 200 day simple moving average is $17.48.

Huntsman (NYSE:HUN) last released its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Research analysts predict that Huntsman will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On Huntsman

Several institutional investors have recently modified their holdings of the business. Hexagon Capital Partners LLC increased its stake in shares of Huntsman by 177.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 1,395 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Huntsman in the fourth quarter valued at approximately $40,000. Quadrant Capital Group LLC boosted its stake in shares of Huntsman by 74.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock worth $40,000 after buying an additional 956 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Huntsman in the 4th quarter valued at about $60,000. Finally, Versant Capital Management Inc grew its position in shares of Huntsman by 2,388.4% in the first quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 3,917 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

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.