The Goldman Sachs Group Cuts Huntsman (NYSE:HUN) Price Target to $19.00

Huntsman (NYSE:HUN) had its target price cut by The Goldman Sachs Group from $22.00 to $19.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “sell” rating on the basic materials company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 9.88% from the company’s previous close.

A number of other research firms have also weighed in on HUN. Royal Bank of Canada raised their price objective on Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Thursday, February 20th. Citigroup dropped their price target on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. UBS Group decreased their target price on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Morgan Stanley cut their price target on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.50.

Huntsman Stock Up 7.8 %

Shares of NYSE HUN traded up $1.25 during mid-day trading on Wednesday, hitting $17.29. 2,954,044 shares of the stock traded hands, compared to its average volume of 2,959,922. The company has a market cap of $2.99 billion, a price-to-earnings ratio of -15.71 and a beta of 0.95. The stock has a fifty day moving average price of $17.20 and a 200-day moving average price of $19.92. Huntsman has a 52 week low of $15.46 and a 52 week high of $27.01. 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 (NYSE:HUN) last announced its earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. Research analysts anticipate that Huntsman will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Huntsman

A number of institutional investors have recently bought and sold shares of HUN. R Squared Ltd purchased a new stake in Huntsman in the fourth quarter worth about $40,000. Quadrant Capital Group LLC raised its position 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 valued at $40,000 after purchasing an additional 956 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Huntsman during the 4th quarter valued at $60,000. True Wealth Design LLC bought a new position in Huntsman in the 3rd quarter worth $62,000. Finally, Quarry LP bought a new stake in Huntsman during the fourth quarter valued at about $65,000. 84.81% of the stock is owned by institutional investors.

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.