Barclays initiated coverage on shares of Huntsman (NYSE:HUN) in a report published on Monday, The Fly reports. The brokerage issued an underweight rating and a $29.00 price target on the basic materials company’s stock.
A number of other equities research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Huntsman from a hold rating to a sell rating in a report on Saturday, September 1st. Seaport Global Securities started coverage on shares of Huntsman in a report on Friday, August 24th. They issued a buy rating for the company. Zacks Investment Research downgraded shares of Huntsman from a buy rating to a hold rating in a report on Tuesday, July 24th. Morgan Stanley began coverage on shares of Huntsman in a research note on Tuesday, September 25th. They set an equal weight rating and a $30.00 price objective for the company. Finally, Citigroup lowered shares of Huntsman from a buy rating to a neutral rating and reduced their price objective for the company from $43.00 to $30.00 in a research note on Monday, October 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $35.92.
Shares of NYSE HUN opened at $25.83 on Monday. Huntsman has a twelve month low of $25.65 and a twelve month high of $36.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.93 and a quick ratio of 1.58. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 0.91 and a beta of 2.70.
Huntsman (NYSE:HUN) last issued its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.17. Huntsman had a net margin of 11.92% and a return on equity of 24.14%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company earned $0.59 EPS. Huntsman’s revenue was up 17.0% on a year-over-year basis. On average, equities research analysts forecast that Huntsman will post 3.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, September 13th. Huntsman’s dividend payout ratio is presently 26.21%.
Hedge funds have recently bought and sold shares of the business. FTB Advisors Inc. purchased a new stake in Huntsman during the second quarter valued at about $114,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Huntsman in the 2nd quarter valued at about $122,000. Point72 Asia Hong Kong Ltd increased its holdings in shares of Huntsman by 383.2% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 4,803 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 3,809 shares during the period. Point72 Hong Kong Ltd increased its holdings in shares of Huntsman by 46.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock valued at $206,000 after purchasing an additional 2,235 shares during the period. Finally, Chemical Bank acquired a new position in shares of Huntsman in the 2nd quarter valued at about $219,000. 77.15% of the stock is owned by institutional investors.
Huntsman Company Profile
Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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