Huntsman (NYSE:HUN) Given New $13.00 Price Target at Royal Bank Of Canada

Huntsman (NYSE:HUN) had its target price lifted by Royal Bank Of Canada from $10.00 to $13.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 6.60% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Huntsman from $20.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Alembic Global Advisors set a $11.00 price objective on Huntsman in a research note on Monday, October 27th. Weiss Ratings restated a “sell (d)” rating on shares of Huntsman in a research note on Wednesday, October 8th. Citigroup lifted their price target on Huntsman from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Mizuho upped their price objective on Huntsman from $7.00 to $8.00 and gave the stock an “underperform” rating in a research report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $11.00.

Huntsman Stock Performance

Shares of NYSE HUN traded up $0.15 during mid-day trading on Friday, hitting $12.20. The stock had a trading volume of 464,663 shares, compared to its average volume of 4,265,292. The firm has a market cap of $2.12 billion, a PE ratio of -6.39 and a beta of 0.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.84 and a current ratio of 1.36. The company has a 50 day moving average of $9.96 and a two-hundred day moving average of $9.95. Huntsman has a twelve month low of $7.30 and a twelve month high of $18.53.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.10. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Research analysts predict that Huntsman will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Huntsman

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUN. NewEdge Advisors LLC raised its position in shares of Huntsman by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock worth $892,000 after purchasing an additional 9,720 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Huntsman by 97.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock worth $33,748,000 after buying an additional 1,052,127 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Huntsman by 0.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock valued at $9,463,000 after acquiring an additional 1,581 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Huntsman in the first quarter valued at approximately $680,000. Finally, Parallel Advisors LLC boosted its stake in shares of Huntsman by 70.2% in the second quarter. Parallel Advisors LLC now owns 7,975 shares of the basic materials company’s stock worth $83,000 after acquiring an additional 3,288 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.