Huntsman (NYSE:HUN) PT Lowered to $28.00

Huntsman (NYSE:HUN) had its price target reduced by Wells Fargo & Company from $32.00 to $28.00 in a research note released on Thursday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the basic materials company’s stock.

HUN has been the subject of a number of other reports. Royal Bank of Canada raised their price target on Huntsman from $24.00 to $26.00 and gave the stock a sector perform rating in a research note on Tuesday, May 7th. UBS Group dropped their price target on shares of Huntsman from $26.00 to $23.00 and set a neutral rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. upgraded shares of Huntsman from an underweight rating to an overweight rating and upped their price objective for the stock from $22.00 to $27.00 in a report on Friday, June 7th. Finally, Citigroup reduced their price target on Huntsman from $26.00 to $24.00 and set a neutral rating for the company in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $26.50.

Huntsman Stock Performance

Shares of HUN stock opened at $22.55 on Thursday. The stock has a 50-day simple moving average of $23.83 and a 200 day simple moving average of $24.44. Huntsman has a fifty-two week low of $21.41 and a fifty-two week high of $29.90. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $0.20 EPS. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities analysts predict that Huntsman will post 0.38 earnings per share for the current year.

Huntsman Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Friday, June 14th. Huntsman’s dividend payout ratio (DPR) is presently -192.31%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its stake in Huntsman by 93.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 521 shares during the period. GAMMA Investing LLC bought a new position in Huntsman in the fourth quarter worth $36,000. Montag A & Associates Inc. acquired a new stake in Huntsman during the fourth quarter worth $45,000. Fidelis Capital Partners LLC bought a new stake in Huntsman in the 1st quarter valued at $45,000. Finally, Quarry LP bought a new position in shares of Huntsman during the 4th quarter worth about $52,000. Institutional investors and hedge funds 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.