Wells Fargo & Company Issues Pessimistic Forecast for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN) had its target price cut by Wells Fargo & Company from $22.00 to $20.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley lowered their price target on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Citigroup dropped their price target on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Royal Bank of Canada increased their price objective on Huntsman from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their target price on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.25.

Huntsman Stock Down 2.3 %

HUN stock opened at $15.83 on Friday. The company has a market cap of $2.75 billion, a price-to-earnings ratio of -14.39 and a beta of 0.95. The firm has a 50-day moving average of $17.04 and a two-hundred day moving average of $19.35. Huntsman has a 12 month low of $15.46 and a 12 month high of $26.40. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. As a group, analysts forecast that Huntsman will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 6.32%. Huntsman’s dividend payout ratio is currently -90.91%.

Institutional Investors Weigh In On Huntsman

Several institutional investors and hedge funds have recently modified their holdings of HUN. R Squared Ltd acquired a new position in Huntsman in the 4th quarter valued at about $40,000. Quadrant Capital Group LLC boosted its stake in shares of Huntsman by 74.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 956 shares during the period. True Wealth Design LLC acquired a new position in shares of Huntsman in the third quarter valued at approximately $62,000. Aster Capital Management DIFC Ltd purchased a new stake in Huntsman during the 4th quarter worth approximately $60,000. Finally, Quarry LP acquired a new stake in Huntsman during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

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.