Mizuho Cuts Huntsman (NYSE:HUN) Price Target to $13.00

Huntsman (NYSE:HUN) had its price objective cut by investment analysts at Mizuho from $14.00 to $13.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price target would suggest a potential upside of 22.24% from the company’s previous close.

Several other research firms have also recently commented on HUN. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $15.00 price objective on shares of Huntsman in a research report on Tuesday, May 19th. Royal Bank Of Canada boosted their target price on Huntsman from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America raised their price target on shares of Huntsman from $10.00 to $11.00 and gave the company an “underperform” rating in a report on Tuesday. Finally, Citigroup lifted their price target on shares of Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Huntsman currently has an average rating of “Hold” and an average price target of $13.75.

Huntsman Trading Down 2.9%

NYSE:HUN opened at $10.63 on Wednesday. The company’s 50 day moving average price is $13.83 and its 200-day moving average price is $12.62. Huntsman has a 52 week low of $7.30 and a 52 week high of $16.08. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -5.54 and a beta of 0.64.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.03. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm earned ($0.11) earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts forecast that Huntsman will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Huntsman

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Advocates LLC purchased a new stake in Huntsman in the third quarter worth about $27,000. Essential Partners LLC raised its position in shares of Huntsman by 40.3% during the 1st quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 1,655 shares during the period. Advisory Services Network LLC bought a new stake in Huntsman during the third quarter valued at about $58,000. Parkside Financial Bank & Trust grew its position in shares of Huntsman by 1,005.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 5,925 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Huntsman by 121.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock valued at $61,000 after buying an additional 3,706 shares in the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.