Huntsman (NYSE:HUN) had its price objective lowered by Cfra from $21.00 to $20.00 in a research note released on Thursday, BenzingaRatingsTable reports. The brokerage currently has a sell rating on the basic materials company’s stock.
Other research analysts also recently issued research reports about the company. Citigroup upgraded Huntsman from a neutral rating to a buy rating in a research note on Monday, December 9th. BNP Paribas downgraded Huntsman from an outperform rating to a neutral rating and set a $23.00 price objective for the company. in a research note on Wednesday, October 16th. TheStreet downgraded Huntsman from a b rating to a c+ rating in a research note on Tuesday, October 29th. Bank of America began coverage on Huntsman in a research note on Wednesday, January 15th. They issued a buy rating and a $27.00 price objective for the company. Finally, Goldman Sachs Group upgraded Huntsman from a buy rating to a conviction-buy rating and reduced their price objective for the company from $29.00 to $23.21 in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Huntsman currently has a consensus rating of Buy and a consensus target price of $25.48.
NYSE HUN traded down $0.48 on Thursday, reaching $21.06. The company had a trading volume of 2,572,390 shares, compared to its average volume of 1,941,793. The stock has a market capitalization of $4.89 billion, a P/E ratio of -65.81, a P/E/G ratio of 1.20 and a beta of 2.35. The company’s fifty day moving average is $22.49 and its 200 day moving average is $22.20. Huntsman has a 52-week low of $17.33 and a 52-week high of $25.66. The company has a quick ratio of 1.45, a current ratio of 1.96 and a debt-to-equity ratio of 0.97.
Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a positive return on equity of 17.06% and a negative net margin of 0.99%. The business’s revenue for the quarter was down 25.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. On average, research analysts expect that Huntsman will post 1.79 EPS for the current year.
Several hedge funds have recently bought and sold shares of HUN. Usca Ria LLC bought a new position in shares of Huntsman during the 3rd quarter worth $35,000. Covington Capital Management bought a new position in shares of Huntsman during the 3rd quarter worth $41,000. Parkside Financial Bank & Trust grew its stake in shares of Huntsman by 547.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,897 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,604 shares during the period. Howe & Rusling Inc. grew its stake in shares of Huntsman by 856.2% during the 3rd quarter. Howe & Rusling Inc. now owns 2,792 shares of the basic materials company’s stock worth $65,000 after acquiring an additional 2,500 shares during the period. Finally, Great Diamond Partners LLC bought a new position in shares of Huntsman during the 4th quarter worth $65,000. Institutional investors own 73.77% of the company’s stock.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
Featured Story: What is the price-sales ratio?
Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.