Huntsman Corporation (NYSE:HUN) Given Average Rating of “Hold” by Analysts

Huntsman Corporation (NYSE:HUN) has been assigned a consensus rating of “Hold” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $13.6667.

A number of equities research analysts recently issued reports on HUN shares. Wells Fargo & Company increased their price objective on Huntsman from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Morgan Stanley boosted their target price on Huntsman from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Citigroup raised their price target on Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. The Goldman Sachs Group set a $12.00 price target on Huntsman in a research report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $15.00 price objective on shares of Huntsman in a report on Tuesday, May 19th.

Institutional Trading of Huntsman

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in shares of Huntsman by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock valued at $892,000 after buying an additional 9,720 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Huntsman by 97.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock worth $33,748,000 after acquiring an additional 1,052,127 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Huntsman by 0.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock valued at $9,463,000 after acquiring an additional 1,581 shares during the last quarter. Focus Partners Wealth bought a new position in Huntsman in the first quarter valued at $680,000. Finally, Prudential Financial Inc. raised its position in Huntsman by 34.5% during the second quarter. Prudential Financial Inc. now owns 14,250 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 3,655 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Stock Performance

Huntsman stock opened at $12.81 on Friday. Huntsman has a 1-year low of $7.30 and a 1-year high of $16.08. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.25 billion, a PE ratio of -6.67 and a beta of 0.69. The firm’s 50 day simple moving average is $12.94 and its 200 day simple moving average is $12.79.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) EPS. As a group, analysts expect that Huntsman will post -0.21 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.0875 per share. The ex-dividend date was Monday, June 15th. This represents a $0.35 annualized dividend and a yield of 2.7%. Huntsman’s payout ratio is presently -18.23%.

Huntsman Company Profile

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.