Huntsman Co. (NYSE:HUN) Receives $25.56 Average Price Target from Brokerages

Shares of Huntsman Co. (NYSE:HUN) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $25.56.

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

Hedge Funds Weigh In On Huntsman

Institutional investors have recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new stake in shares of Huntsman during the third quarter valued at about $25,000. CWM LLC grew its stake in Huntsman by 390.9% during the 3rd 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. Handelsbanken Fonder AB increased its holdings in Huntsman by 43.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 45,113 shares of the basic materials company’s stock worth $1,092,000 after purchasing an additional 13,600 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Huntsman in the 2nd quarter valued at approximately $464,000. Finally, Quarry LP boosted its stake in shares of Huntsman by 64.8% during the 2nd quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock valued at $83,000 after buying an additional 1,441 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Price Performance

Shares of NYSE:HUN opened at $23.51 on Friday. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -45.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. The business’s 50 day simple moving average is $22.09 and its 200-day simple moving average is $23.38. Huntsman has a 12 month low of $19.91 and a 12 month high of $27.01.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. As a group, equities analysts forecast that Huntsman will post 0.2 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.25%. Huntsman’s dividend payout ratio (DPR) is presently -192.31%.

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.