Brokerages Set Huntsman Co. (NYSE:HUN) Target Price at $25.56

Shares of Huntsman Co. (NYSE:HUN) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.56.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. cut their price objective on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Citigroup decreased their target price on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. UBS Group reduced their price target on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada decreased their price objective on Huntsman from $30.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, August 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HUN. Quadrant Capital Group LLC increased its holdings in Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after buying an additional 521 shares during the period. GAMMA Investing LLC bought a new position in Huntsman in the fourth quarter valued at approximately $36,000. Montag A & Associates Inc. acquired a new position in Huntsman during the fourth quarter valued at approximately $45,000. Fidelis Capital Partners LLC bought a new stake in Huntsman during the first quarter worth $45,000. Finally, Quarry LP acquired a new stake in shares of Huntsman in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Trading Down 0.8 %

Huntsman stock opened at $21.00 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.55. The stock has a 50-day simple moving average of $22.30 and a 200 day simple moving average of $23.97. The stock has a market capitalization of $3.63 billion, a P/E ratio of -40.38 and a beta of 1.01. Huntsman has a 52 week low of $19.91 and a 52 week high of $28.36.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm earned $0.22 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. Analysts expect that Huntsman will post 0.33 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, September 13th. Huntsman’s payout ratio is currently -192.31%.

About Huntsman

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.