Brokerages Set Target Price for Huntsman Co. (NYSE:HUN) at $22.63

Shares of Huntsman Co. (NYSE:HUN) have received a consensus rating of “Hold” by nine brokerages that follow the stock, according to MarketBeat Ratings. Among these analysts, one has recommended selling the stock, while six suggest holding it, and two favor buying it. The average twelve-month target price for Huntsman shares is currently set at $22.63.

Recent evaluations from various research analysts have influenced the outlook on Huntsman stock. For instance, Wells Fargo & Company adjusted their price target for Huntsman shares from $26.00 to $25.00, maintaining an “overweight” rating in a report published on November 6th. Additionally, Alembic Global Advisors downgraded the rating from “overweight” to “neutral” on January 15th. Royal Bank of Canada lowered its price target from $23.00 to $20.00, marking a “sector perform” rating in a note provided on December 19th. Citigroup also revised its target price on Huntsman from $22.00 to $19.00 with a “neutral” rating as of December 18th. Finally, Mizuho reduced its price target from $23.00 to $21.00, opting for a “neutral” rating in early January.

Huntsman Stock Performance

The stock of NYSE:HUN opened at $17.01 on the most recent trading day. Current financial ratios for the company show a current ratio of 1.47, a quick ratio of 0.83, and a debt-to-equity ratio of 0.45. The market capitalization of Huntsman is approximately $2.94 billion, with a price-to-earnings ratio of -24.65 and a beta of 0.95. The stock's 50-day moving average is at $17.89, whereas the 200-day moving average stands at $20.47, with a twelve-month low of $15.67 and a high of $27.01.

Institutional Investment in Huntsman

Hedge funds have been active in adjusting their stakes in Huntsman. Wealth Enhancement Advisory Services LLC increased its position by 1.8% during the fourth quarter, owning now 38,070 shares valued at $686,000 after acquiring an additional 674 shares. The Manufacturers Life Insurance Company also raised its stake by 2.1% in the second quarter, bringing its total to 41,771 shares worth $951,000 following the purchase of 863 additional shares. Between the third and fourth quarters, Matrix Trust Co acquired a new position in Huntsman valued at around $25,000. Shayne & Jacobs LLC added to its holdings as well, growing its position by 1.2% to a total of 94,316 shares worth $2,282,000 after the purchase of 1,140 additional shares. Lastly, Larson Financial Group LLC upped its stake by 14.4% during the third quarter, now owning 9,261 shares valued at $224,000. Notably, institutional investors and hedge funds hold around 84.81% of the company's stock.

About Huntsman Corporation

Huntsman Corporation is a global manufacturer and seller of diversified organic chemical products. The company operates across three main segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment focuses on polyurethane chemicals, which include methyl diphenyl diisocyanate, polyether and polyester polyols, along with thermoplastic polyurethane. Additionally, this segment produces various co-products such as aniline, benzene, and nitrobenzene.

Huntsman, Stocks, Analysis