2 days Ago By ABMN Staff
Huntsman ( NYSE:HUN – Get Free Report ) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, Marketbeat.com reports. They presently have a $15.
00 price objective on the basic materials company’s stock, down from their previous price objective of $22.00. Bank of America ‘s target price would indicate a potential upside of 16.
82% from the stock’s previous close. Several other equities research analysts have also recently weighed in on the company. Mizuho decreased their price target on Huntsman from $23.
00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on Huntsman from $20.
00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. UBS Group cut their price target on shares of Huntsman from $18.
00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co.
lowered their price target on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th.
Finally, Morgan Stanley cut their price objective on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th.
One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.
67. Get Our Latest Analysis on Huntsman Huntsman Price Performance Huntsman ( NYSE:HUN – Get Free Report ) last announced its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.
25) EPS for the quarter, missing the consensus estimate 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.
As a group, research analysts anticipate that Huntsman will post 0.32 earnings per share for the current fiscal year. Hedge Funds Weigh In On Huntsman A number of hedge funds have recently added to or reduced their stakes in the company.
R Squared Ltd purchased a new position in Huntsman in the 4th quarter worth about $40,000. Quadrant Capital Group LLC grew its position in shares of Huntsman by 74.9% during the 4th quarter.
Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 956 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Huntsman in the fourth quarter worth about $60,000. Quarry LP bought a new stake in Huntsman during the 4th quarter worth approximately $65,000.
Finally, Versant Capital Management Inc lifted its stake in shares of Huntsman by 2,388.4% during the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company’s stock valued at $64,000 after buying an additional 3,917 shares in the last quarter.
84.81% of the stock is currently owned by hedge funds and other institutional investors. About Huntsman ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.
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