Huntsman (NYSE:HUN) Stock Gets Price Target Boost from Citigroup

Huntsman (NYSE:HUN) had its price objective lifted by Citigroup from $9.00 to $10.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the basic materials company’s stock. Citigroup‘s price target would indicate a potential upside of 0.84% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Barclays upped their target price on Huntsman from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday. Wells Fargo & Company decreased their price target on shares of Huntsman from $11.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price objective on shares of Huntsman in a research note on Thursday, August 20th. Jefferies Financial Group set a $12.00 target price on shares of Huntsman in a research report on Tuesday. Finally, KeyCorp assumed coverage on shares of Huntsman in a research note on Friday, September 11th. They set an “overweight” rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.62.

Huntsman Stock Up 3.8%

Shares of Huntsman stock traded up $0.37 during midday trading on Wednesday, hitting $9.92. The company’s stock had a trading volume of 3,508,307 shares, compared to its average volume of 5,056,836. Huntsman has a 1-year low of $7.30 and a 1-year high of $16.08. The company has a quick ratio of 0.78, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.74 billion, a P/E ratio of -9.92 and a beta of 0.73. The stock has a 50-day simple moving average of $9.00 and a 200-day simple moving average of $11.66.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, November 2nd. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a negative net margin of 2.81% and a negative return on equity of 3.11%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. As a group, sell-side analysts expect that Huntsman will post -0.26 earnings per share for the current year.

Hedge Funds Weigh In On Huntsman

A number of hedge funds have recently added to or reduced their stakes in HUN. Lombard Odier Asset Management USA Corp raised its position in Huntsman by 6.2% during the first quarter. Lombard Odier Asset Management USA Corp now owns 16,868 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 982 shares in the last quarter. Fifth Third Bancorp grew its position in Huntsman by 15.0% in the first quarter. Fifth Third Bancorp now owns 11,508 shares of the basic materials company’s stock worth $153,000 after acquiring an additional 1,498 shares in the last quarter. Essential Partners LLC grew its position in Huntsman by 40.3% in the first quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 1,655 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Huntsman by 166.7% during the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,670 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Huntsman by 30.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,240 shares of the basic materials company’s stock worth $96,000 after purchasing an additional 1,672 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Key Headlines Impacting Huntsman

Here are the key news stories impacting Huntsman this week:

• Positive Sentiment: Barclays raised its price target to $11 from $10 and kept an equal-weight rating. The higher target suggests some potential upside, though the rating is not an outright bullish call. Barclays rating information
• Positive Sentiment: RBC lifted its target to $10 from $9 while maintaining Sector Perform, and UBS also raised its target to $10 from $9 while keeping a Neutral rating. The target increases are supportive, but the unchanged ratings signal limited conviction in near-term outperformance. RBC price target news UBS price target news
• Neutral Sentiment: Huntsman’s earnings call was described as cautiously optimistic, but with continuing headwinds. That suggests potential improvement, though the available report does not detail enough to establish a clear near-term catalyst. Earnings call highlights
• Negative Sentiment: Third-quarter adjusted EPS was $0.04, below the $0.07 consensus estimate. The earnings miss tempers the positive signal from stronger sales. Third-quarter earnings report

Huntsman Company Profile

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.