Huntsman (NYSE:HUN) Price Target Lowered to $11.00 at JPMorgan Chase & Co.

Huntsman (NYSE:HUN) had its target price decreased by JPMorgan Chase & Co. from $20.00 to $11.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 28.43% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. Bank of America reaffirmed an “underperform” rating and issued a $8.00 price target (down previously from $9.00) on shares of Huntsman in a report on Tuesday, October 14th. Citigroup decreased their price target on shares of Huntsman from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. Royal Bank Of Canada reduced their target price on Huntsman from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Monday. Alembic Global Advisors set a $11.00 target price on shares of Huntsman in a report on Monday, October 27th. Finally, Wells Fargo & Company dropped their price target on Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Huntsman presently has an average rating of “Reduce” and an average price target of $10.00.

Huntsman Stock Performance

HUN traded up $0.39 during trading on Monday, reaching $8.57. 3,121,554 shares of the company’s stock were exchanged, compared to its average volume of 4,228,871. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. Huntsman has a 1 year low of $7.30 and a 1 year high of $20.94. The company’s fifty day simple moving average is $9.30 and its 200-day simple moving average is $10.52. The stock has a market capitalization of $1.49 billion, a P/E ratio of -4.39 and a beta of 0.68.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.10. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. As a group, research analysts predict that Huntsman will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HUN. Citigroup Inc. increased its holdings in shares of Huntsman by 21.7% in the third quarter. Citigroup Inc. now owns 312,015 shares of the basic materials company’s stock valued at $2,802,000 after purchasing an additional 55,693 shares during the period. Garner Asset Management Corp acquired a new stake in shares of Huntsman in the 3rd quarter valued at approximately $120,000. AMG National Trust Bank grew its stake in shares of Huntsman by 1.1% during the 3rd quarter. AMG National Trust Bank now owns 162,513 shares of the basic materials company’s stock worth $1,459,000 after purchasing an additional 1,769 shares during the period. Pzena Investment Management LLC boosted its holdings in Huntsman by 1.6% during the third quarter. Pzena Investment Management LLC now owns 5,393,866 shares of the basic materials company’s stock worth $48,437,000 after buying an additional 83,098 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in Huntsman by 40.2% in the 3rd quarter. GSA Capital Partners LLP now owns 92,170 shares of the basic materials company’s stock valued at $828,000 after purchasing an additional 26,419 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

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.