Huntsman Corporation (NYSE:HUN) Receives Consensus Recommendation of “Reduce” from Brokerages

Huntsman Corporation (NYSE:HUN) has been assigned a consensus rating of “Reduce” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $11.00.

Several equities analysts have recently commented on HUN shares. Alembic Global Advisors set a $11.00 price objective on shares of Huntsman in a research note on Monday, October 27th. Citigroup boosted their price target on Huntsman from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. UBS Group increased their price objective on Huntsman from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Huntsman in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group upped their target price on Huntsman from $8.50 to $9.50 and gave the company a “sell” rating in a report on Thursday, December 4th.

Huntsman Trading Down 0.4%

NYSE:HUN opened at $13.22 on Tuesday. The firm has a market capitalization of $2.30 billion, a P/E ratio of -6.96 and a beta of 0.70. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $11.36 and a 200 day moving average of $10.14. Huntsman has a 52 week low of $7.30 and a 52 week high of $18.53.

Institutional Investors Weigh In On Huntsman

Several institutional investors and hedge funds have recently modified their holdings of HUN. Strategic Advocates LLC bought a new position in Huntsman in the third quarter worth about $27,000. SJS Investment Consulting Inc. bought a new stake in Huntsman during the 3rd quarter valued at approximately $33,000. IFP Advisors Inc grew its holdings in shares of Huntsman by 197.6% during the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 2,431 shares during the period. GAMMA Investing LLC raised its position in shares of Huntsman by 104.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 2,015 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its stake in shares of Huntsman by 2,182.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 4,124 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.