Citigroup Has Lowered Expectations for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN) had its price target dropped by research analysts at Citigroup from $22.00 to $19.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the basic materials company’s stock. Citigroup’s price objective would indicate a potential upside of 6.26% from the stock’s current price.

Several other equities research analysts also recently commented on the company. Wells Fargo & Company cut their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. UBS Group cut their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada boosted their price objective on shares of Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Huntsman currently has an average rating of “Hold” and an average target price of $24.14.

Huntsman Stock Down 2.3 %

Shares of HUN stock opened at $17.88 on Wednesday. The firm’s fifty day moving average price is $20.85 and its two-hundred day moving average price is $21.98. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. Huntsman has a 1 year low of $17.67 and a 1 year high of $27.01. The firm has a market capitalization of $3.09 billion, a P/E ratio of -25.91 and a beta of 0.97.

Huntsman (NYSE:HUN) last released its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the business earned $0.15 earnings per share. Huntsman’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts predict that Huntsman will post 0.09 EPS for the current fiscal year.

Insider Transactions at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Huntsman

Several institutional investors and hedge funds have recently made changes to their positions in HUN. Wealth Enhancement Advisory Services LLC acquired a new position in Huntsman in the 2nd quarter valued at $238,000. Allspring Global Investments Holdings LLC increased its position in Huntsman by 1.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock worth $151,599,000 after acquiring an additional 97,082 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Huntsman by 3.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,237 shares of the basic materials company’s stock worth $825,000 after purchasing an additional 1,202 shares in the last quarter. Innealta Capital LLC bought a new stake in Huntsman in the 2nd quarter valued at about $65,000. Finally, Rothschild Investment LLC acquired a new position in shares of Huntsman during the 2nd quarter worth approximately $213,000. 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.