Huntsman Corporation (NYSE:HUN) Given Average Rating of “Reduce” by Analysts

Huntsman Corporation (NYSE:HUN) has received a consensus recommendation of “Reduce” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $11.00.

A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. cut their price target on Huntsman from $20.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. KeyCorp reaffirmed a “sector weight” rating on shares of Huntsman in a research report on Monday, December 22nd. Citigroup boosted their target price on Huntsman from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, Royal Bank Of Canada increased their target price on Huntsman from $10.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Friday, January 16th.

Huntsman Stock Down 0.4%

NYSE:HUN opened at $13.22 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.36 and a quick ratio of 0.84. The firm’s 50-day moving average price is $11.36 and its 200-day moving average price is $10.14. The company has a market capitalization of $2.30 billion, a PE ratio of -6.96 and a beta of 0.70. Huntsman has a 1-year low of $7.30 and a 1-year high of $18.53.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Strategic Advocates LLC purchased a new stake in shares of Huntsman during the third quarter valued at approximately $27,000. SJS Investment Consulting Inc. purchased a new position in Huntsman in the 3rd quarter worth approximately $33,000. GAMMA Investing LLC lifted its position in Huntsman by 104.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 2,015 shares in the last quarter. IFP Advisors Inc boosted its stake in Huntsman by 197.6% during the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Strengthening Families & Communities LLC increased its holdings in shares of Huntsman by 2,182.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 4,124 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.