Wells Fargo & Company Issues Pessimistic Forecast for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN) had its target price cut by investment analysts at Wells Fargo & Company from $22.00 to $20.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 26.38% from the stock’s previous close.

A number of other research analysts also recently issued reports on HUN. JPMorgan Chase & Co. cut their price objective on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada upped their price target on shares of Huntsman from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. The Goldman Sachs Group decreased their price objective on shares of Huntsman from $22.00 to $19.00 and set a “sell” rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley dropped their target price on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Mizuho decreased 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.25.

Huntsman Stock Down 2.3 %

Shares of HUN stock opened at $15.83 on Friday. The company has a 50 day simple moving average of $17.04 and a two-hundred day simple moving average of $19.33. The stock has a market cap of $2.75 billion, a P/E ratio of -14.39 and a beta of 0.95. Huntsman has a 12 month low of $15.46 and a 12 month high of $26.40. 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 announced its 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 return on equity of 0.39% and a negative net margin of 3.13%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. On average, research analysts expect that Huntsman will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On Huntsman

Several large investors have recently made changes to their positions in HUN. Pzena Investment Management LLC increased its stake in Huntsman by 320.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company’s stock worth $84,663,000 after acquiring an additional 3,578,100 shares during the last quarter. Nomura Holdings Inc. grew its holdings in shares of Huntsman by 188.3% in 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 purchasing an additional 2,135,000 shares in the last quarter. Norges Bank bought a new stake in Huntsman in the fourth quarter worth $37,464,000. Deprince Race & Zollo Inc. raised its stake in Huntsman by 70.2% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company’s stock valued at $49,815,000 after purchasing an additional 1,139,549 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Huntsman by 61.3% during the fourth 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 during the last quarter. 84.81% of the stock is owned by institutional investors.

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.