Huntsman (NYSE:HUN) Price Target Raised to $11.00

Huntsman (NYSE:HUN) had its price target boosted by Barclays from $10.00 to $11.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the basic materials company’s stock.

HUN has been the topic of a number of other research reports. Wells Fargo & Company decreased their price target on shares of Huntsman from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Royal Bank Of Canada lifted their price objective on shares of Huntsman from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Citigroup reduced their target price on shares of Huntsman from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Huntsman in a research report on Friday, October 30th. Finally, UBS Group lowered their price target on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.69.

Huntsman Price Performance

NYSE HUN traded down $0.34 during trading on Wednesday, hitting $9.45. 2,892,899 shares of the stock traded hands, compared to its average volume of 3,000,875. The company has a quick ratio of 0.78, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. Huntsman has a 12-month low of $7.74 and a 12-month high of $16.08. The firm has a 50-day simple moving average of $9.00 and a 200-day simple moving average of $11.63. The company has a market capitalization of $1.66 billion, a P/E ratio of -9.45 and a beta of 0.73.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, November 2nd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). Huntsman had a negative return on equity of 3.11% and a negative net margin of 2.81%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company earned ($0.03) earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. As a group, analysts predict that Huntsman will post -0.28 EPS for the current year.

Institutional Trading of Huntsman

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lombard Odier Asset Management USA Corp boosted its position in shares of Huntsman by 6.2% during the first quarter. Lombard Odier Asset Management USA Corp now owns 16,868 shares of the basic materials company’s stock valued at $225,000 after buying an additional 982 shares during the period. Fifth Third Bancorp grew its stake in shares of Huntsman by 15.0% during the first quarter. Fifth Third Bancorp now owns 11,508 shares of the basic materials company’s stock valued at $153,000 after buying an additional 1,498 shares during the last quarter. Essential Partners LLC raised its holdings in shares of Huntsman by 40.3% in the first quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock worth $77,000 after buying an additional 1,655 shares during the period. Versant Capital Management Inc raised its holdings in shares of Huntsman by 166.7% in the second quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after buying an additional 1,670 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Huntsman by 30.0% in the first quarter. EverSource Wealth Advisors LLC now owns 7,240 shares of the basic materials company’s stock worth $96,000 after buying an additional 1,672 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

About Huntsman

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.