UBS Group Lowers Huntsman (NYSE:HUN) Price Target to $13.00

Huntsman (NYSE:HUN) had its target price cut by analysts at UBS Group from $18.00 to $13.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price objective indicates a potential upside of 0.03% from the company’s current price.

Several other research analysts have also weighed in on HUN. The Goldman Sachs Group cut their target price on Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a research note on Wednesday, March 5th. Mizuho cut their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley reduced their price objective 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. JPMorgan Chase & Co. lowered their target price 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. Finally, Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.38.

Huntsman Price Performance

HUN stock traded down $0.43 during mid-day trading on Monday, reaching $13.00. The company’s stock had a trading volume of 2,922,851 shares, compared to its average volume of 2,252,718. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $16.76 and its two-hundred day moving average is $19.06. Huntsman has a fifty-two week low of $12.43 and a fifty-two week high of $25.98. The stock has a market cap of $2.26 billion, a PE ratio of -11.75 and a beta of 0.85.

Huntsman (NYSE:HUN) last issued 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 firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Equities research analysts expect that Huntsman will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Huntsman

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Huntsman by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company’s stock worth $297,171,000 after acquiring an additional 130,702 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Huntsman by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company’s stock worth $102,529,000 after purchasing an additional 349,502 shares during the period. Pzena Investment Management LLC raised its position in Huntsman by 320.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company’s stock valued at $84,663,000 after purchasing an additional 3,578,100 shares in the last quarter. State Street Corp boosted its stake in shares of Huntsman by 2.2% in the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock valued at $79,905,000 after buying an additional 70,382 shares during the period. Finally, Nomura Holdings Inc. grew its position in shares of Huntsman by 188.3% during the fourth quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company’s stock worth $58,940,000 after buying an additional 2,135,000 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

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.