Huntsman (NYSE:HUN) Price Target Lowered to $24.00 at Citigroup

Huntsman (NYSE:HUN) had its price objective lowered by research analysts at Citigroup from $26.00 to $24.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Citigroup’s price objective suggests a potential upside of 5.49% from the company’s current price.

Several other research analysts have also commented on the company. The Goldman Sachs Group lifted their price target on Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Tuesday, March 5th. Royal Bank of Canada boosted their target price on Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $22.00 to $27.00 in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.00.

Huntsman Price Performance

Shares of HUN stock traded down $0.14 during trading hours on Thursday, hitting $22.75. The stock had a trading volume of 152,789 shares, compared to its average volume of 1,875,036. Huntsman has a one year low of $22.14 and a one year high of $29.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.98. The stock’s 50-day moving average price is $24.24 and its two-hundred day moving average price is $24.69. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of -43.75 and a beta of 1.07.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. Equities analysts forecast that Huntsman will post 0.4 EPS for the current year.

Institutional Trading of Huntsman

A number of hedge funds have recently bought and sold shares of HUN. Quadrant Capital Group LLC lifted its holdings in shares of Huntsman by 93.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 521 shares during the last quarter. GAMMA Investing LLC purchased a new position in Huntsman in the 4th quarter worth $36,000. Montag A & Associates Inc. purchased a new position in Huntsman in the 4th quarter worth $45,000. Fidelis Capital Partners LLC purchased a new position in Huntsman in the 1st quarter worth $45,000. Finally, Quarry LP purchased a new position in Huntsman in the 4th quarter worth $52,000. 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.