Huntsman (NYSE:HUN) Price Target Lowered to $25.00 at Wells Fargo & Company

Huntsman (NYSE:HUN) had its price objective decreased by Wells Fargo & Company from $26.00 to $25.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the basic materials company’s stock.

A number of other research analysts also recently issued reports on HUN. JPMorgan Chase & Co. dropped their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada raised their target price on shares of Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Finally, UBS Group reduced their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Huntsman has an average rating of “Hold” and an average target price of $25.75.

Huntsman Stock Up 1.5 %

HUN stock traded up $0.31 during midday trading on Wednesday, reaching $21.19. 667,206 shares of the company were exchanged, compared to its average volume of 1,892,520. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -30.26 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30. Huntsman has a 1-year low of $19.90 and a 1-year high of $27.01. The stock’s 50-day simple moving average is $22.72 and its 200 day simple moving average is $23.04.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the business earned $0.15 EPS. Huntsman’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that Huntsman will post 0.19 earnings per share for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. increased its position in Huntsman by 753.2% during the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock worth $74,652,000 after purchasing an additional 2,531,800 shares during the period. AQR Capital Management LLC raised its position in Huntsman by 383.0% in the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after acquiring an additional 1,124,113 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Huntsman by 52.4% in the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock valued at $53,701,000 after acquiring an additional 811,099 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Huntsman during the 1st quarter worth $10,523,000. Finally, Marshall Wace LLP increased its holdings in shares of Huntsman by 45.0% in the 2nd quarter. Marshall Wace LLP now owns 1,213,629 shares of the basic materials company’s stock valued at $27,634,000 after purchasing an additional 376,423 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

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.