Royal Bank of Canada Has Lowered Expectations for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN) had its price objective decreased by analysts at Royal Bank of Canada from $23.00 to $20.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 9.53% from the stock’s previous close.

Several other equities research analysts have also commented on HUN. Citigroup dropped their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group cut their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company lowered their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Huntsman has an average rating of “Hold” and an average price target of $24.14.

Huntsman Stock Up 2.1 %

HUN stock opened at $18.26 on Thursday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of -26.46 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. The business’s 50 day moving average price is $20.61 and its two-hundred day moving average price is $21.91. Huntsman has a fifty-two week low of $17.67 and a fifty-two week high of $27.01.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company earned $0.15 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, analysts forecast that Huntsman will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Huntsman

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUN. Matrix Trust Co purchased a new stake in shares of Huntsman during the 3rd quarter valued at about $25,000. nVerses Capital LLC grew its position in Huntsman by 1,250.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock valued at $61,000 after buying an additional 2,500 shares during the period. True Wealth Design LLC purchased a new stake in Huntsman during the third quarter valued at approximately $62,000. Innealta Capital LLC bought a new position in Huntsman in the second quarter worth approximately $65,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Huntsman during the 3rd quarter valued at $78,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Company Profile

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.