Huntsman (NYSE:HUN) Stock Rating Lowered by Alembic Global Advisors

Huntsman (NYSE:HUN) was downgraded by equities research analysts at Alembic Global Advisors from an “overweight” rating to a “neutral” rating in a note issued to investors on Wednesday, MarketBeat.com reports.

Several other analysts also recently weighed in on HUN. Royal Bank of Canada decreased their target price on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research note on Thursday, December 19th. Mizuho reduced 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. UBS Group dropped their target price on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company cut their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Finally, Citigroup decreased their price target on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Huntsman presently has a consensus rating of “Hold” and a consensus price target of $23.33.

Huntsman Trading Down 0.0 %

NYSE:HUN opened at $17.39 on Wednesday. The company’s 50 day moving average is $18.66 and its 200-day moving average is $21.10. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. Huntsman has a 12 month low of $15.95 and a 12 month high of $27.01. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of -25.20 and a beta of 0.97.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm posted $0.15 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts anticipate that Huntsman will post 0.08 EPS for the current year.

Insider Transactions at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.10% of the stock is owned by insiders.

Institutional Trading of Huntsman

A number of large investors have recently bought and sold shares of the stock. Matrix Trust Co bought a new position in shares of Huntsman during the third quarter valued at $25,000. True Wealth Design LLC bought a new position in Huntsman during the 3rd quarter valued at about $62,000. Capital Performance Advisors LLP acquired a new position in Huntsman in the third quarter valued at about $78,000. Quarry LP grew its stake in Huntsman by 64.8% during the second quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock worth $83,000 after buying an additional 1,441 shares during the last quarter. Finally, Rossmore Private Capital acquired a new stake in shares of Huntsman during the third quarter worth approximately $202,000. 84.81% of the stock is currently owned by institutional investors.

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.