According to Zacks, “Huntsman Corporation is among the world’s largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. “
Other equities analysts also recently issued reports about the stock. Jefferies Group restated a buy rating on shares of Huntsman Corp. in a research note on Thursday, August 4th. Citigroup Inc. upped their price target on shares of Huntsman Corp. from $16.00 to $17.00 and gave the company a neutral rating in a research note on Friday, July 15th. Finally, Nomura decreased their price target on shares of Huntsman Corp. from $20.00 to $19.00 and set a buy rating on the stock in a research note on Tuesday, September 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $16.43.
Huntsman Corp. (NYSE:HUN) opened at 15.78 on Tuesday. The company’s 50-day moving average is $15.99 and its 200 day moving average is $15.35. The company has a market capitalization of $3.76 billion, a P/E ratio of 18.83 and a beta of 2.65. Huntsman Corp. has a one year low of $7.46 and a one year high of $18.12.
Huntsman Corp. (NYSE:HUN) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Huntsman Corp. had a net margin of 2.05% and a return on equity of 26.60%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the company posted $0.63 earnings per share. Huntsman Corp.’s revenue was down 7.2% compared to the same quarter last year. Analysts predict that Huntsman Corp. will post $1.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.125 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.50 annualized dividend and a yield of 3.17%. Huntsman Corp.’s payout ratio is currently 59.52%.
Hedge funds have recently made changes to their positions in the stock. Scopia Capital Management LP increased its stake in shares of Huntsman Corp. by 39.7% in the first quarter. Scopia Capital Management LP now owns 14,807,467 shares of the company’s stock valued at $196,939,000 after buying an additional 4,210,142 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Huntsman Corp. by 151.1% in the first quarter. BlackRock Fund Advisors now owns 5,278,412 shares of the company’s stock valued at $70,203,000 after buying an additional 3,176,013 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Huntsman Corp. by 663.6% in the first quarter. JPMorgan Chase & Co. now owns 2,520,325 shares of the company’s stock valued at $33,520,000 after buying an additional 2,190,251 shares during the last quarter. Strs Ohio bought a new stake in shares of Huntsman Corp. during the second quarter valued at $24,210,000. Finally, Victory Capital Management Inc. increased its stake in shares of Huntsman Corp. by 277.1% in the second quarter. Victory Capital Management Inc. now owns 1,808,933 shares of the company’s stock valued at $24,330,000 after buying an additional 1,329,199 shares during the last quarter. Hedge funds and other institutional investors own 67.23% of the company’s stock.
About Huntsman Corp.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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