Huntsman (NYSE:HUN) Given New $20.00 Price Target at Royal Bank of Canada

Huntsman (NYSE:HUN) had its price target decreased by Royal Bank of Canada from $23.00 to $20.00 in a research report report published on Thursday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the basic materials company’s stock.

HUN has been the subject of a number of other reports. UBS Group dropped their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company decreased their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Finally, Citigroup dropped their price objective on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntsman has a consensus rating of “Hold” and an average price target of $24.14.

Huntsman Stock Performance

Shares of HUN opened at $17.88 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The company has a 50-day simple moving average of $20.73 and a 200-day simple moving average of $21.95. Huntsman has a 52-week low of $17.67 and a 52-week high of $27.01. The company has a market capitalization of $3.09 billion, a PE ratio of -25.91 and a beta of 0.97.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm posted $0.15 earnings per share. Huntsman’s revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Huntsman will post 0.09 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.59%. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

Insider Buying and Selling

In related news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HUN. Principal Financial Group Inc. grew its stake in shares of Huntsman by 10.3% during the third quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock valued at $32,488,000 after acquiring an additional 124,841 shares in the last quarter. Tidal Investments LLC grew its holdings in Huntsman by 84.6% during the 3rd quarter. Tidal Investments LLC now owns 28,098 shares of the basic materials company’s stock worth $680,000 after acquiring an additional 12,875 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Huntsman by 15.3% in the third quarter. Sanctuary Advisors LLC now owns 22,281 shares of the basic materials company’s stock worth $539,000 after purchasing an additional 2,951 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Huntsman by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company’s stock worth $62,538,000 after acquiring an additional 40,330 shares in the last quarter. Finally, MidWestOne Financial Group Inc. bought a new stake in shares of Huntsman in the 3rd quarter valued at approximately $203,000. 84.81% of the stock is owned by institutional investors and hedge funds.

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.