JPMorgan Chase & Co. Cuts Huntsman (NYSE:HUN) Price Target to $25.00

Huntsman (NYSE:HUN) had its price target dropped by investment analysts at JPMorgan Chase & Co. from $27.00 to $25.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 22.91% from the stock’s previous close.

A number of other brokerages also recently weighed in on HUN. Citigroup cut their price target on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Royal Bank of Canada raised their target price on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 7th. Wells Fargo & Company dropped their price target on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, UBS Group dropped their price target on Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.11.

Huntsman Stock Performance

HUN stock traded down $0.35 on Wednesday, reaching $20.34. The company’s stock had a trading volume of 999,436 shares, compared to its average volume of 1,929,221. Huntsman has a 52 week low of $20.33 and a 52 week high of $28.96. The company has a market capitalization of $3.52 billion, a P/E ratio of -39.44 and a beta of 1.01. The firm has a fifty day moving average of $23.15 and a two-hundred day moving average of $24.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.98.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm posted $0.22 EPS. Huntsman’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts predict that Huntsman will post 0.33 EPS for the current fiscal year.

Institutional Trading of Huntsman

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