Huntsman Co. (NYSE:HUN) Receives $26.50 Consensus PT from Brokerages

Huntsman Co. (NYSE:HUN) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $26.50.

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their target price on Huntsman from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. UBS Group decreased their price objective on Huntsman from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada increased their price objective on Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 7th. Citigroup decreased their price objective on Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Finally, JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $22.00 to $27.00 in a report on Friday, June 7th.

Institutional Investors Weigh In On Huntsman

A number of institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in shares of Huntsman by 7.2% during the fourth quarter. Franklin Resources Inc. now owns 1,258,188 shares of the basic materials company’s stock valued at $31,618,000 after buying an additional 84,462 shares during the last quarter. Norges Bank purchased a new stake in shares of Huntsman during the fourth quarter valued at $43,761,000. Russell Investments Group Ltd. boosted its position in shares of Huntsman by 24.4% during the first quarter. Russell Investments Group Ltd. now owns 665,652 shares of the basic materials company’s stock valued at $17,327,000 after buying an additional 130,614 shares during the last quarter. Commerce Bank boosted its position in shares of Huntsman by 16.1% during the fourth quarter. Commerce Bank now owns 234,824 shares of the basic materials company’s stock valued at $5,901,000 after buying an additional 32,535 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Huntsman by 1,052.7% during the first quarter. Acadian Asset Management LLC now owns 209,442 shares of the basic materials company’s stock valued at $5,449,000 after buying an additional 191,272 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Stock Performance

NYSE:HUN opened at $23.41 on Monday. The firm has a market cap of $4.05 billion, a PE ratio of -45.02 and a beta of 1.01. Huntsman has a fifty-two week low of $21.41 and a fifty-two week high of $29.90. 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 business has a 50 day moving average price of $23.51 and a 200-day moving average price of $24.33.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Equities research analysts predict that Huntsman will post 0.33 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.27%. Huntsman’s dividend 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.