Royal Bank of Canada Raises Huntsman (NYSE:HUN) Price Target to $26.00

Huntsman (NYSE:HUN) had its price objective increased by stock analysts at Royal Bank of Canada from $24.00 to $26.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 3.40% from the company’s previous close.

A number of other research firms also recently issued reports on HUN. The Goldman Sachs Group increased their target price on shares of Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Tuesday, March 5th. Stifel Nicolaus reduced their price target on Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, Wells Fargo & Company raised shares of Huntsman from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $25.00 to $32.00 in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Huntsman presently has a consensus rating of “Hold” and a consensus target price of $26.73.

Huntsman Trading Down 0.8 %

NYSE:HUN opened at $25.15 on Tuesday. Huntsman has a 1 year low of $22.14 and a 1 year high of $29.90. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of -48.36 and a beta of 1.14. The stock has a fifty day moving average price of $25.09 and a two-hundred day moving average price of $24.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.23 and a current ratio of 1.97.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Huntsman had a positive return on equity of 0.66% and a negative net margin of 1.49%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. As a group, sell-side analysts anticipate that Huntsman will post 0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Huntsman

Several large investors have recently bought and sold shares of the stock. Dumont & Blake Investment Advisors LLC lifted its position in Huntsman by 1.7% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 30,817 shares of the basic materials company’s stock worth $802,000 after purchasing an additional 505 shares during the period. Quadrant Capital Group LLC raised its position in Huntsman by 93.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 521 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in Huntsman by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 11,628 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 557 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Huntsman by 44.0% during the first quarter. GAMMA Investing LLC now owns 2,115 shares of the basic materials company’s stock worth $55,000 after buying an additional 646 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Huntsman by 4.0% in the first quarter. William Blair Investment Management LLC now owns 17,131 shares of the basic materials company’s stock valued at $446,000 after buying an additional 653 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

About Huntsman

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.