Huntsman (NYSE:HUN) Price Target Cut to $22.00 by Analysts at JPMorgan Chase & Co.

Huntsman (NYSE:HUN) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $25.00 to $22.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 22.32% from the stock’s current price.

A number of other brokerages also recently commented on HUN. Mizuho lowered their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada lowered their price target on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a report on Thursday, December 19th. Citigroup cut their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Alembic Global Advisors downgraded shares of Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Finally, Morgan Stanley cut their price target on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.88.

Huntsman Price Performance

Huntsman stock traded up $0.19 during midday trading on Wednesday, reaching $17.99. 1,503,169 shares of the company were exchanged, compared to its average volume of 2,832,750. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of -26.08 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. The firm’s 50-day simple moving average is $17.52 and its 200-day simple moving average is $20.19. Huntsman has a 1 year low of $15.67 and a 1 year high of $27.01.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. On average, analysts anticipate that Huntsman will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Huntsman

Institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Huntsman by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 597,715 shares of the basic materials company’s stock worth $10,777,000 after acquiring an additional 81,481 shares during the period. Voloridge Investment Management LLC lifted its position in shares of Huntsman by 289.8% during the fourth quarter. Voloridge Investment Management LLC now owns 190,139 shares of the basic materials company’s stock worth $3,428,000 after purchasing an additional 141,356 shares in the last quarter. Two Sigma Advisers LP grew its holdings in Huntsman by 30.6% during the 4th quarter. Two Sigma Advisers LP now owns 741,700 shares of the basic materials company’s stock valued at $13,373,000 after purchasing an additional 173,800 shares in the last quarter. Two Sigma Investments LP increased its stake in Huntsman by 28.6% during the 4th quarter. Two Sigma Investments LP now owns 1,074,347 shares of the basic materials company’s stock worth $19,370,000 after buying an additional 239,193 shares during the period. Finally, Systematic Financial Management LP lifted its holdings in Huntsman by 8.0% in the 4th quarter. Systematic Financial Management LP now owns 636,415 shares of the basic materials company’s stock worth $11,475,000 after buying an additional 47,209 shares in the last quarter. 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.