Mizuho Increases Huntsman (NYSE:HUN) Price Target to $8.00

Huntsman (NYSE:HUN) had its target price increased by equities research analysts at Mizuho from $7.00 to $8.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “underperform” rating on the basic materials company’s stock. Mizuho’s price objective indicates a potential downside of 20.75% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Bank of America reissued an “underperform” rating and issued a $8.00 price target (down previously from $9.00) on shares of Huntsman in a report on Tuesday, October 14th. Alembic Global Advisors set a $11.00 price target on shares of Huntsman in a research note on Monday, October 27th. Royal Bank Of Canada lowered their price objective on Huntsman from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. UBS Group cut their target price on Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, Zacks Research upgraded Huntsman from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $10.23.

Huntsman Trading Up 2.0%

Shares of HUN opened at $10.10 on Thursday. The stock’s 50-day moving average price is $9.01 and its 200 day moving average price is $10.00. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -5.31 and a beta of 0.68. Huntsman has a 12-month low of $7.30 and a 12-month high of $18.86.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.10. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.Huntsman’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. As a group, research analysts predict that Huntsman will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Entropy Technologies LP grew its position in shares of Huntsman by 453.9% during the 2nd quarter. Entropy Technologies LP now owns 107,649 shares of the basic materials company’s stock worth $1,122,000 after buying an additional 88,215 shares during the period. Investors Research Corp boosted its stake in Huntsman by 140.8% in the second quarter. Investors Research Corp now owns 66,604 shares of the basic materials company’s stock valued at $694,000 after acquiring an additional 38,950 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in Huntsman during the 2nd quarter worth $572,000. Raymond James Financial Inc. raised its position in shares of Huntsman by 40.5% during the 1st quarter. Raymond James Financial Inc. now owns 426,718 shares of the basic materials company’s stock valued at $6,738,000 after acquiring an additional 123,069 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Huntsman by 1,677.4% in the 1st quarter. Jump Financial LLC now owns 493,793 shares of the basic materials company’s stock valued at $7,797,000 after purchasing an additional 466,012 shares during the period. 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.