Huntsman (NYSE:HUN – Get Rating) had its price objective cut by equities research analysts at Morgan Stanley from $37.00 to $35.00 in a note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has an “overweight” rating on the basic materials company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 24.03% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Seaport Res Ptn cut shares of Huntsman from a “buy” rating to a “neutral” rating in a research note on Thursday, October 13th. JPMorgan Chase & Co. cut shares of Huntsman from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $30.00 to $25.00 in a research note on Tuesday, September 20th. StockNews.com downgraded shares of Huntsman from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Tudor, Pickering, Holt & Co. downgraded shares of Huntsman from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of Huntsman in a report on Tuesday, September 20th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Huntsman presently has an average rating of “Hold” and an average price target of $36.69.
Huntsman Stock Down 2.1 %
Shares of NYSE HUN opened at $28.22 on Monday. Huntsman has a 12-month low of $23.53 and a 12-month high of $41.65. The stock has a market cap of $5.42 billion, a PE ratio of 5.26, a P/E/G ratio of 1.36 and a beta of 1.14. The company has a current ratio of 2.00, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $26.28 and a 200 day moving average of $29.38.
Institutional Investors Weigh In On Huntsman
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Huntsman by 0.4% in the 1st quarter. BlackRock Inc. now owns 12,672,792 shares of the basic materials company’s stock valued at $475,358,000 after acquiring an additional 47,739 shares during the last quarter. First Trust Advisors LP increased its holdings in Huntsman by 5.8% in the third quarter. First Trust Advisors LP now owns 9,078,812 shares of the basic materials company’s stock worth $222,794,000 after buying an additional 495,609 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Huntsman by 11.0% in the third quarter. Dimensional Fund Advisors LP now owns 7,869,740 shares of the basic materials company’s stock worth $193,125,000 after buying an additional 781,733 shares during the last quarter. LSV Asset Management increased its holdings in Huntsman by 5.7% in the third quarter. LSV Asset Management now owns 7,812,516 shares of the basic materials company’s stock worth $191,719,000 after buying an additional 418,534 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in Huntsman by 7.6% during the third quarter. Macquarie Group Ltd. now owns 5,464,396 shares of the basic materials company’s stock worth $134,176,000 after purchasing an additional 384,792 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.
Huntsman Company Profile
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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