Wells Fargo & Company Cuts Huntsman (NYSE:HUN) Price Target to $20.00

Huntsman (NYSE:HUN) had its target price lowered by investment analysts at Wells Fargo & Company from $22.00 to $20.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 26.78% from the company’s previous close.

Several other analysts have also recently commented on HUN. Morgan Stanley dropped their price target on Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Alembic Global Advisors downgraded shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. dropped their target price on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. Mizuho reduced their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Royal Bank of Canada upped their price objective on shares of Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Huntsman currently has a consensus rating of “Hold” and a consensus price target of $20.25.

Huntsman Stock Performance

Shares of NYSE HUN traded down $0.43 during midday trading on Friday, reaching $15.78. 367,054 shares of the stock were exchanged, compared to its average volume of 2,115,670. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. The firm has a 50-day simple moving average of $17.08 and a two-hundred day simple moving average of $19.38. Huntsman has a twelve month low of $15.46 and a twelve month high of $26.48. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -14.33 and a beta of 0.95.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. As a group, analysts anticipate that Huntsman will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Huntsman

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 130,702 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Huntsman by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company’s stock valued at $102,529,000 after buying an additional 349,502 shares during the period. Pzena Investment Management LLC grew its position in shares of Huntsman by 320.2% during the fourth quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company’s stock worth $84,663,000 after buying an additional 3,578,100 shares in the last quarter. State Street Corp raised its holdings in Huntsman by 2.2% in the third 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. Finally, Nomura Holdings Inc. lifted its stake in Huntsman by 188.3% in the fourth quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company’s stock worth $58,940,000 after acquiring an additional 2,135,000 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other 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.