Huntsman (NYSE:HUN) Stock Price Expected to Rise, UBS Group Analyst Says

Huntsman (NYSE:HUN) had its target price upped by UBS Group from $9.00 to $10.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. UBS Group‘s price objective would indicate a potential upside of 0.84% from the stock’s previous close.

HUN has been the topic of several other research reports. Citigroup boosted their target price on shares of Huntsman from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday. KeyCorp began coverage on shares of Huntsman in a research report on Friday, September 11th. They set an “overweight” rating and a $14.00 target price for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price target on shares of Huntsman in a report on Thursday, August 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Huntsman in a research report on Friday. Finally, The Goldman Sachs Group set a $12.00 price objective on shares of Huntsman in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.69.

Huntsman Price Performance

Shares of Huntsman stock traded up $0.37 during midday trading on Wednesday, hitting $9.92. 3,508,307 shares of the company were exchanged, compared to its average volume of 5,056,836. The firm has a 50 day simple moving average of $9.00 and a 200-day simple moving average of $11.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.78. The firm has a market cap of $1.74 billion, a P/E ratio of -9.92 and a beta of 0.73. Huntsman has a 52 week low of $7.30 and a 52 week high of $16.08.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, November 2nd. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Huntsman had a negative net margin of 2.81% and a negative return on equity of 3.11%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company earned ($0.03) earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. Research analysts forecast that Huntsman will post -0.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Private Management Group Inc. acquired a new stake in shares of Huntsman during the 3rd quarter worth approximately $27,935,000. Inscription Capital LLC bought a new stake in shares of Huntsman during the third quarter worth approximately $177,000. Bfsg LLC acquired a new position in Huntsman in the third quarter valued at approximately $215,000. Chicago Partners Investment Group LLC lifted its holdings in Huntsman by 457.8% in the third quarter. Chicago Partners Investment Group LLC now owns 198,356 shares of the basic materials company’s stock valued at $1,746,000 after buying an additional 162,798 shares during the period. Finally, Childress Capital Advisors LLC bought a new position in Huntsman in the third quarter valued at approximately $85,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

More Huntsman News

Here are the key news stories impacting Huntsman this week:

• Positive Sentiment: Barclays raised its price target to $11 from $10 and kept an equal-weight rating. The higher target suggests some potential upside, though the rating is not an outright bullish call. Barclays rating information
• Positive Sentiment: RBC lifted its target to $10 from $9 while maintaining Sector Perform, and UBS also raised its target to $10 from $9 while keeping a Neutral rating. The target increases are supportive, but the unchanged ratings signal limited conviction in near-term outperformance. RBC price target news UBS price target news
• Neutral Sentiment: Huntsman’s earnings call was described as cautiously optimistic, but with continuing headwinds. That suggests potential improvement, though the available report does not detail enough to establish a clear near-term catalyst. Earnings call highlights
• Negative Sentiment: Third-quarter adjusted EPS was $0.04, below the $0.07 consensus estimate. The earnings miss tempers the positive signal from stronger sales. Third-quarter earnings report

About Huntsman

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.