Huntsman (NYSE:HUN) Stock Rating Lowered by Zacks Research

Huntsman (NYSE:HUN) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other research analysts have also recently weighed in on the stock. Citigroup decreased their price objective on shares of Huntsman from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. UBS Group dropped their target price on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. KeyCorp initiated coverage on shares of Huntsman in a research note on Friday, September 11th. They issued an “overweight” rating and a $14.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price target on shares of Huntsman in a report on Thursday, August 20th. Finally, Wells Fargo & Company lowered their price objective on shares of Huntsman from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Huntsman currently has an average rating of “Hold” and an average target price of $11.29.

Huntsman Stock Up 1.1%

Shares of NYSE:HUN opened at $8.15 on Monday. The firm has a fifty day moving average price of $9.37 and a two-hundred day moving average price of $11.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.78. Huntsman has a one year low of $7.30 and a one year high of $16.08. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -7.84 and a beta of 0.80.

Insiders Place Their Bets

In other news, CEO Peter R. Huntsman bought 100,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was bought at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the acquisition, the chief executive officer owned 7,256,341 shares in the company, valued at approximately $71,184,705.21. This trade represents a 1.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 6.80% of the stock is owned by insiders.

Institutional Trading of Huntsman

Several institutional investors and hedge funds have recently bought and sold shares of HUN. Versant Capital Management Inc boosted its position in Huntsman by 166.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,670 shares in the last quarter. Nykredit A S purchased a new position in shares of Huntsman during the 2nd quarter valued at approximately $32,000. Global Retirement Partners LLC purchased a new position in shares of Huntsman during the 2nd quarter valued at approximately $45,000. Allworth Financial LP acquired a new position in shares of Huntsman in the 2nd quarter valued at $52,000. Finally, Essential Partners LLC lifted its stake in shares of Huntsman by 40.3% in the 1st quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 1,655 shares during the period. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman Company Profile

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company serves customers in industries including construction, automotive, aerospace, energy, electronics, coatings, adhesives, and consumer products.

Huntsman’s product portfolio includes polyurethane chemicals such as methylene diphenyl diisocyanate, or MDI, and polyols; performance chemicals including amines and maleic anhydride; and advanced materials such as epoxy-based formulations, adhesives, and composite materials.