Mizuho Lowers Huntsman (NYSE:HUN) Price Target to $11.00

Huntsman (NYSE:HUN) had its price objective reduced by investment analysts at Mizuho from $14.00 to $11.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s target price indicates a potential downside of 2.69% from the stock’s current price.

A number of other research firms have also recently weighed in on HUN. Wall Street Zen cut Huntsman from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Bank of America downgraded Huntsman from a “buy” rating to a “neutral” rating and dropped their price target for the company from $22.00 to $15.00 in a research note on Tuesday, April 15th. Royal Bank Of Canada reduced their target price on Huntsman from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Monday, May 5th. UBS Group decreased their target price on Huntsman from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Huntsman from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.17.

Huntsman Stock Up 2.2%

NYSE:HUN opened at $11.30 on Tuesday. The company has a market cap of $1.96 billion, a PE ratio of -12.42 and a beta of 0.70. Huntsman has a 52-week low of $10.13 and a 52-week high of $25.12. The stock has a 50-day simple moving average of $11.39 and a 200 day simple moving average of $14.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 1.48.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative return on equity of 0.65% and a negative net margin of 2.63%. Huntsman’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) EPS. On average, sell-side analysts expect that Huntsman will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HUN. Vanguard Group Inc. lifted its stake in Huntsman by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company’s stock valued at $297,171,000 after buying an additional 130,702 shares during the period. AQR Capital Management LLC raised its stake in shares of Huntsman by 345.7% in the first quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company’s stock worth $151,982,000 after purchasing an additional 7,699,922 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Huntsman by 7.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company’s stock worth $96,407,000 after acquiring an additional 419,009 shares during the last quarter. Invesco Ltd. grew its position in Huntsman by 1.3% in the 1st quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company’s stock worth $95,751,000 after purchasing an additional 75,097 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in Huntsman by 3.5% during the first quarter. Pzena Investment Management LLC now owns 4,859,007 shares of the basic materials company’s stock worth $76,724,000 after acquiring an additional 163,329 shares during the period. Institutional investors 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.