Mizuho Lowers Huntsman (NYSE:HUN) Price Target to $21.00

Huntsman (NYSE:HUN) had its target price reduced by equities research analysts at Mizuho from $23.00 to $21.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective would suggest a potential upside of 27.27% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Wells Fargo & Company cut their target price on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Citigroup reduced their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. UBS Group decreased their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada dropped their price target on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Huntsman presently has an average rating of “Hold” and an average target price of $23.75.

Huntsman Stock Down 2.7 %

Shares of Huntsman stock opened at $16.50 on Tuesday. The stock has a 50-day simple moving average of $19.32 and a 200-day simple moving average of $21.38. Huntsman has a 52-week low of $16.48 and a 52-week high of $27.01. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of -23.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83.

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

Insiders Place Their Bets

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Huntsman

A number of institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC lifted its position in Huntsman by 5.2% in the second quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company’s stock worth $111,389,000 after purchasing an additional 243,821 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Huntsman by 54.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock worth $100,536,000 after acquiring an additional 1,547,344 shares during the period. State Street Corp boosted its position in shares of Huntsman by 2.2% during the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock valued at $79,905,000 after acquiring an additional 70,382 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Huntsman by 1.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 3,055,267 shares of the basic materials company’s stock valued at $73,937,000 after acquiring an additional 31,883 shares during the period. Finally, Geode Capital Management LLC raised its position in Huntsman by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company’s stock worth $62,538,000 after purchasing an additional 40,330 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors.

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.