Huntsman (NYSE:HUN) Price Target Lowered to $20.00 at Morgan Stanley

Huntsman (NYSE:HUN) had its target price lowered by investment analysts at Morgan Stanley from $24.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s price target suggests a potential upside of 19.26% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Mizuho lowered their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their price target on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company cut their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Citigroup dropped their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Finally, UBS Group reduced their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.33.

Huntsman Stock Up 0.4 %

NYSE:HUN opened at $16.77 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The firm’s 50-day moving average price is $18.80 and its 200-day moving average price is $21.16. The company has a market capitalization of $2.90 billion, a PE ratio of -24.30 and a beta of 0.97. Huntsman has a 1-year low of $15.95 and a 1-year high of $27.01.

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

Insiders Place Their Bets

In other news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction 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 filing with the SEC, which can be accessed through the SEC website. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Matrix Trust Co purchased a new stake in shares of Huntsman during the 3rd quarter valued at about $25,000. True Wealth Design LLC bought a new stake in Huntsman during the third quarter valued at approximately $62,000. Capital Performance Advisors LLP purchased a new stake in Huntsman during the third quarter valued at approximately $78,000. Quarry LP raised its position in Huntsman by 64.8% in the second quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock worth $83,000 after acquiring an additional 1,441 shares during the period. Finally, Rossmore Private Capital purchased a new position in shares of Huntsman during the 3rd quarter worth $202,000. 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.