Huntsman (NYSE:HUN) Shares Down 4.4% – Time to Sell?

Huntsman Corporation (NYSE:HUNGet Free Report) fell 4.4% during trading on Monday . The company traded as low as $12.04 and last traded at $12.24. Approximately 436,121 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 6,117,738 shares. The stock had previously closed at $12.80.

Analysts Set New Price Targets

HUN has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of Huntsman from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Wells Fargo & Company boosted their price target on Huntsman from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Mizuho reduced their price objective on Huntsman from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Citigroup increased their price objective on Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Royal Bank Of Canada lifted their target price on Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Huntsman has a consensus rating of “Hold” and an average target price of $13.67.

Get Our Latest Report on Huntsman

Huntsman Price Performance

The stock has a fifty day moving average of $12.84 and a two-hundred day moving average of $12.81. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -5.96 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.58.

Huntsman (NYSE:HUNGet Free Report) last released its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.Huntsman’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) earnings per share. On average, equities research analysts anticipate that Huntsman Corporation will post -0.22 earnings per share for the current year.

Institutional Trading of Huntsman

Several hedge funds and other institutional investors have recently made changes to their positions in HUN. FNY Investment Advisers LLC grew its position in Huntsman by 28,682.7% during the second quarter. FNY Investment Advisers LLC now owns 43,174 shares of the basic materials company’s stock worth $458,000 after buying an additional 43,024 shares during the period. Versant Capital Management Inc lifted its position 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 valued at $28,000 after acquiring an additional 1,670 shares during the period. Caerus Investment Advisors LLC purchased a new stake in shares of Huntsman during the 1st quarter worth approximately $160,000. Glenmede Trust Co. NA purchased a new stake in shares of Huntsman during the 1st quarter worth approximately $133,000. Finally, Segall Bryant & Hamill LLC purchased a new position in Huntsman in the 1st quarter valued at approximately $1,284,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Company Profile

(Get Free Report)

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.

Further Reading

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