Huntsman Co. (NYSE:HUN – Get Free Report) has received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $27.00.
A number of equities research analysts have issued reports on the company. Citigroup lowered their price target on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. JPMorgan Chase & Co. upgraded shares of Huntsman from an “underweight” rating to an “overweight” rating and raised their target price for the company from $22.00 to $27.00 in a research note on Friday, June 7th. Finally, Royal Bank of Canada boosted their target price on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 7th.
Get Our Latest Research Report on Huntsman
Hedge Funds Weigh In On Huntsman
Huntsman Trading Down 0.4 %
Shares of NYSE:HUN opened at $22.50 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $3.89 billion, a PE ratio of -43.27 and a beta of 1.01. Huntsman has a 1 year low of $22.14 and a 1 year high of $29.90. The firm has a fifty day moving average price of $24.11 and a 200 day moving average price of $24.60.
Huntsman (NYSE:HUN – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. Analysts expect that Huntsman will post 0.4 EPS for the current fiscal year.
Huntsman Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.44%. The ex-dividend date was Friday, June 14th. 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.
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