Huntsman (NYSE:HUN) Cut to Neutral at Alembic Global Advisors

Huntsman (NYSE:HUN) was downgraded by equities researchers at Alembic Global Advisors from an “overweight” rating to a “neutral” rating in a report issued on Wednesday,Finviz reports.

A number of other equities analysts also recently commented on the stock. Morgan Stanley reduced their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday. Citigroup reduced their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Mizuho reduced their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company dropped their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Finally, UBS Group dropped their target price on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Huntsman currently has an average rating of “Hold” and an average price target of $23.33.

Huntsman Stock Performance

Huntsman stock traded up $0.66 during mid-day trading on Wednesday, reaching $17.44. The company had a trading volume of 4,133,626 shares, compared to its average volume of 2,718,897. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. Huntsman has a 52 week low of $15.95 and a 52 week high of $27.01. The company has a 50 day moving average of $18.80 and a 200-day moving average of $21.16. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of -25.28 and a beta of 0.97.

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

Insider Transactions at Huntsman

In related 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 transaction of $432,705.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Merit Financial Group LLC bought a new position in Huntsman in the fourth quarter valued at approximately $395,000. Oak Thistle LLC bought a new position in Huntsman in the fourth quarter valued at approximately $594,000. Matrix Trust Co lifted its stake in Huntsman by 853.7% in the fourth quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company’s stock valued at $174,000 after buying an additional 8,648 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Huntsman by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock valued at $686,000 after buying an additional 674 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in Huntsman in the fourth quarter valued at approximately $569,000. 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.