Huntsman (NYSE:HUN) Hits New 12-Month Low – Here’s Why

Huntsman Co. (NYSE:HUN) shares reached a new 52-week low on Monday . The stock traded as low as $15.67 and last traded at $16.06, with a volume of 1077116 shares trading hands. The stock had previously closed at $16.83.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group decreased their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Citigroup dropped their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company decreased their price target on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada cut their target price on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Thursday, December 19th. Finally, Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Huntsman presently has an average rating of “Hold” and an average price target of $22.63.

Huntsman Stock Up 2.3 %

The company’s 50 day simple moving average is $18.05 and its 200 day simple moving average is $20.60. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts anticipate that Huntsman Co. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Huntsman

Several institutional investors and hedge funds have recently modified their holdings of HUN. The Manufacturers Life Insurance Company increased its position in shares of Huntsman by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock worth $951,000 after acquiring an additional 863 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Huntsman during the 2nd quarter worth about $464,000. Handelsbanken Fonder AB raised its stake in shares of Huntsman by 43.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 45,113 shares of the basic materials company’s stock valued at $1,092,000 after purchasing an additional 13,600 shares during the period. CWM LLC lifted its holdings in shares of Huntsman by 390.9% in the third quarter. CWM LLC now owns 49,160 shares of the basic materials company’s stock valued at $1,190,000 after purchasing an additional 39,145 shares in the last quarter. Finally, Matrix Trust Co acquired a new position in shares of Huntsman during the third quarter worth about $25,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

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.