Huntsman (NYSE:HUN) Earns Sell (D) Rating from Weiss Ratings

Huntsman (NYSE:HUN)‘s stock had its “sell (d)” rating reissued by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

HUN has been the topic of a number of other research reports. Citigroup lowered their target price on Huntsman from $9.00 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Jefferies Financial Group lowered their target price on Huntsman from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Mizuho lowered their target price on Huntsman from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Friday, October 3rd. Wells Fargo & Company decreased their target price on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada decreased their target price on shares of Huntsman from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Huntsman currently has a consensus rating of “Reduce” and an average target price of $11.70.

Huntsman Stock Down 0.7%

HUN stock opened at $8.99 on Wednesday. Huntsman has a 12 month low of $8.68 and a 12 month high of $24.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. The company’s 50 day simple moving average is $10.06 and its 200-day simple moving average is $11.47. The firm has a market capitalization of $1.56 billion, a PE ratio of -4.61 and a beta of 0.64.

Huntsman (NYSE:HUN) last announced its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. Huntsman’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. Equities analysts expect that Huntsman will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Huntsman

Hedge funds have recently made changes to their positions in the stock. Hexagon Capital Partners LLC boosted its holdings in shares of Huntsman by 177.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 1,395 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Huntsman by 1,717.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 3,075 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Huntsman in the 1st quarter valued at $53,000. IFP Advisors Inc boosted its holdings in shares of Huntsman by 197.6% in the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Strengthening Families & Communities LLC boosted its holdings in shares of Huntsman by 1,966.7% in the 1st quarter. Strengthening Families & Communities LLC now owns 3,906 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 3,717 shares during the last quarter. Institutional investors and hedge funds 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.