Huntsman (NYSE:HUN) Given New $25.00 Price Target at JPMorgan Chase & Co.

Huntsman (NYSE:HUN) had its price objective lowered by JPMorgan Chase & Co. from $27.00 to $25.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 22.91% from the company’s current price.

A number of other brokerages also recently issued reports on HUN. Citigroup lowered their price target on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Wells Fargo & Company decreased their target price on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday. Royal Bank of Canada boosted their price target on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 7th. Finally, UBS Group dropped their target price on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntsman presently has an average rating of “Hold” and a consensus price target of $26.11.

Huntsman Stock Performance

Shares of HUN stock traded down $0.35 during trading hours on Wednesday, hitting $20.34. The company’s stock had a trading volume of 999,436 shares, compared to its average volume of 1,929,221. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $23.15 and a 200 day moving average of $24.28. Huntsman has a 12-month low of $20.33 and a 12-month high of $28.96. The stock has a market cap of $3.52 billion, a PE ratio of -39.44 and a beta of 1.01.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company earned $0.22 earnings per share. Huntsman’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Huntsman will post 0.33 EPS for the current fiscal year.

Institutional Trading of Huntsman

Several hedge funds have recently made changes to their positions in HUN. Quadrant Capital Group LLC boosted its position in shares of Huntsman by 93.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 521 shares during the period. GAMMA Investing LLC purchased a new position in Huntsman in the fourth quarter valued at $36,000. Montag A & Associates Inc. acquired a new position in Huntsman during the 4th quarter worth $45,000. Fidelis Capital Partners LLC purchased a new stake in Huntsman during the 1st quarter worth about $45,000. Finally, Quarry LP purchased a new position in shares of Huntsman in the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

About Huntsman

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.