Huntsman (NYSE:HUN) Stock Price Target Raised at Royal Bank Of Canada

Huntsman (NYSE:HUN) had its price target increased by Royal Bank Of Canada from $9.00 to $10.00 in a research note released on Wednesday,Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock.

A number of other research analysts also recently weighed in on the company. Wells Fargo & Company lowered their target price on Huntsman from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. The Goldman Sachs Group set a $12.00 price target on Huntsman in a research note on Thursday, July 16th. KeyCorp started coverage on shares of Huntsman in a research report on Friday, September 11th. They set an “overweight” rating and a $14.00 price target for the company. UBS Group lowered their price objective on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Zacks Research downgraded shares of Huntsman from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Huntsman currently has an average rating of “Hold” and a consensus price target of $11.69.

Huntsman Trading Up 3.8%

HUN stock opened at $9.92 on Wednesday. Huntsman has a 1-year low of $7.30 and a 1-year high of $16.08. The business has a fifty day moving average price of $9.00 and a 200-day moving average price of $11.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, November 2nd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a negative net margin of 2.81% and a negative return on equity of 3.11%. Huntsman’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.03) EPS. On average, equities research analysts anticipate that Huntsman will post -0.26 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in Huntsman by 166.7% during the second quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 1,670 shares during the period. Nykredit A S purchased a new position in shares of Huntsman in the second quarter valued at about $32,000. Global Retirement Partners LLC bought a new position in shares of Huntsman in the second quarter worth about $45,000. Allworth Financial LP bought a new position in shares of Huntsman in the second quarter worth about $52,000. Finally, Essential Partners LLC grew its position in shares of Huntsman by 40.3% during the first quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 1,655 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Key Stories Impacting Huntsman

Here are the key news stories impacting Huntsman this week:

• Positive Sentiment: Huntsman reported third-quarter revenue of $1.72 billion, up 17.6% year over year and above analyst expectations. The company also swung to adjusted earnings per share of $0.04 from a loss a year earlier. Huntsman Q3 Swings to Adjusted Earnings, Revenue Rises
• Positive Sentiment: Barclays raised its price target to $11 from $10 and kept an equal-weight rating. That target implies more upside than the other revised targets cited in the news. Barclays recommendations
• Neutral Sentiment: UBS, Citigroup and RBC each lifted their targets from $9 to $10, while maintaining neutral or sector-perform ratings. At the cited share price, those targets suggest limited near-term upside and indicate analysts remain cautious. RBC Raises Price Target on Huntsman
• Neutral Sentiment: The earnings call was characterized as cautiously optimistic, but with ongoing headwinds; the available summary did not identify a specific near-term catalyst. Huntsman Earnings Call Signals Improvement Amid Headwinds
• Negative Sentiment: Adjusted EPS of $0.04 fell short of the $0.07 consensus estimate, tempering the positive revenue growth and swing to earnings. Huntsman reports Q3 adjusted EPS below consensus

Huntsman Company Profile

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.