Huntsman Co. (NYSE:HUN) Receives $25.56 Consensus Price Target from Analysts

Shares of Huntsman Co. (NYSE:HUN) have been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $25.56.

HUN has been the topic of several analyst reports. UBS Group cut their target price on Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. JPMorgan Chase & Co. cut their target price on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company cut their target price on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Citigroup cut their target price on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Finally, Royal Bank of Canada cut their target price on Huntsman from $30.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 8th.

Institutional Investors Weigh In On Huntsman

A number of institutional investors and hedge funds have recently modified their holdings of HUN. Amalgamated Bank lifted its holdings in shares of Huntsman by 9.4% during the fourth quarter. Amalgamated Bank now owns 28,573 shares of the basic materials company’s stock worth $718,000 after purchasing an additional 2,452 shares during the period. Versor Investments LP acquired a new stake in shares of Huntsman during the fourth quarter worth about $525,000. Teacher Retirement System of Texas lifted its holdings in Huntsman by 36.5% in the fourth quarter. Teacher Retirement System of Texas now owns 18,408 shares of the basic materials company’s stock valued at $463,000 after acquiring an additional 4,920 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Huntsman by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,214,010 shares of the basic materials company’s stock valued at $256,681,000 after acquiring an additional 210,754 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Huntsman in the fourth quarter valued at approximately $212,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Performance

Shares of Huntsman stock opened at $22.06 on Tuesday. The firm has a market cap of $3.82 billion, a P/E ratio of -42.42 and a beta of 1.00. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. Huntsman has a 12 month low of $19.91 and a 12 month high of $27.01. The stock’s fifty day moving average price is $21.95 and its 200-day moving average price is $23.67.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts expect that Huntsman will post 0.2 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date is Friday, September 13th. Huntsman’s dividend payout ratio (DPR) is -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.