Huntsman (NYSE:HUN) Price Target Cut to $35.00

Huntsman (NYSE:HUNGet 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.

Huntsman (NYSE:HUNGet Rating) last posted its earnings results on Friday, November 4th. The basic materials company reported $0.71 earnings per share for the quarter, meeting the consensus estimate of $0.71. Huntsman had a net margin of 12.66% and a return on equity of 19.94%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $1.08 EPS. Huntsman’s revenue was down 12.0% on a year-over-year basis. As a group, sell-side analysts predict that Huntsman will post 3.72 EPS for the current fiscal year.

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

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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.

Further Reading

Analyst Recommendations for Huntsman (NYSE:HUN)

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