The Goldman Sachs Group Has Lowered Expectations for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN) had its price objective cut by stock analysts at The Goldman Sachs Group from $22.00 to $19.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “sell” rating on the basic materials company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 9.88% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Mizuho decreased their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada upped their price target on shares of Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. UBS Group decreased their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, Morgan Stanley cut their target price on Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Huntsman Stock Up 7.8 %

Shares of HUN traded up $1.25 on Wednesday, reaching $17.29. The company’s stock had a trading volume of 2,954,044 shares, compared to its average volume of 2,959,922. The firm has a fifty day moving average of $17.20 and a 200-day moving average of $19.92. Huntsman has a twelve month low of $15.46 and a twelve month high of $27.01. The stock has a market capitalization of $2.99 billion, a PE ratio of -15.71 and a beta of 0.95. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Equities analysts predict that Huntsman will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Huntsman

A number of institutional investors have recently made changes to their positions in the stock. Pzena Investment Management LLC increased its position in shares of Huntsman by 320.2% during the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company’s stock valued at $84,663,000 after purchasing an additional 3,578,100 shares during the last quarter. Nomura Holdings Inc. grew its position in Huntsman by 188.3% during the fourth quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company’s stock valued at $58,940,000 after acquiring an additional 2,135,000 shares during the last quarter. Norges Bank purchased a new position in shares of Huntsman during the fourth quarter worth approximately $37,464,000. Deprince Race & Zollo Inc. lifted its holdings in shares of Huntsman by 70.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company’s stock worth $49,815,000 after acquiring an additional 1,139,549 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Huntsman by 61.3% in the 4th quarter. Marshall Wace LLP now owns 1,712,163 shares of the basic materials company’s stock valued at $30,870,000 after purchasing an additional 650,951 shares in the last quarter. 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.