Analysts Set Huntsman Corporation (NYSE:HUN) Price Target at $10.23

Shares of Huntsman Corporation (NYSE:HUN) have earned a consensus rating of “Reduce” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $10.2273.

HUN has been the subject of a number of recent research reports. KeyCorp reiterated a “sector weight” rating on shares of Huntsman in a research note on Monday, December 22nd. Bank of America reaffirmed an “underperform” rating and issued a $8.00 price target (down previously from $9.00) on shares of Huntsman in a research report on Tuesday, October 14th. Zacks Research raised shares of Huntsman from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. The Goldman Sachs Group lifted their target price on shares of Huntsman from $8.50 to $9.50 and gave the stock a “sell” rating in a report on Thursday, December 4th. Finally, Royal Bank Of Canada dropped their target price on shares of Huntsman from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HUN. Strategic Advocates LLC bought a new stake in Huntsman in the 3rd quarter worth about $27,000. SJS Investment Consulting Inc. purchased a new stake in shares of Huntsman during the 3rd quarter valued at about $33,000. GAMMA Investing LLC boosted its holdings in shares of Huntsman by 104.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 2,015 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Huntsman by 197.6% in the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 2,431 shares during the period. Finally, Strengthening Families & Communities LLC raised its holdings in shares of Huntsman by 2,182.0% during the third quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 4,124 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Up 1.9%

Shares of Huntsman stock opened at $10.19 on Monday. Huntsman has a 1 year low of $7.30 and a 1 year high of $18.53. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.36 and a quick ratio of 0.84. The company has a 50-day moving average of $9.42 and a 200 day moving average of $9.89. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -5.36 and a beta of 0.68.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. Huntsman had a negative net margin of 5.69% and a negative return on equity of 3.26%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Huntsman will post 0.32 earnings per share for the current fiscal year.

Huntsman Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, December 15th. Huntsman’s dividend payout ratio (DPR) is currently -18.42%.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.