Huntsman Corporation (NYSE:HUN) Receives $13.17 Consensus Target Price from Analysts

Huntsman Corporation (NYSE:HUN) has been assigned an average recommendation of “Reduce” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.1667.

Several brokerages recently weighed in on HUN. Wall Street Zen raised Huntsman from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup raised their target price on Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Royal Bank Of Canada raised their target price on Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Monday, May 4th. UBS Group raised their target price on Huntsman from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Finally, Mizuho raised their target price on Huntsman from $8.00 to $9.00 and gave the company an “underperform” rating in a report on Wednesday, February 18th.

Institutional Investors Weigh In On Huntsman

A number of hedge funds and other institutional investors have recently bought and sold shares of HUN. Strategic Advocates LLC acquired a new stake in Huntsman in the third quarter valued at $27,000. Strengthening Families & Communities LLC increased its position in shares of Huntsman by 2,182.0% in the third quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock valued at $39,000 after buying an additional 4,124 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Huntsman in the third quarter valued at $58,000. Caitong International Asset Management Co. Ltd increased its position in shares of Huntsman by 121.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock valued at $61,000 after buying an additional 3,706 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Huntsman by 1,005.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock valued at $65,000 after buying an additional 5,925 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Price Performance

HUN stock opened at $15.03 on Thursday. The company has a market capitalization of $2.63 billion, a P/E ratio of -7.83 and a beta of 0.64. Huntsman has a twelve month low of $7.30 and a twelve month high of $15.90. The business has a 50 day simple moving average of $13.69 and a 200-day simple moving average of $12.07. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.03. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company earned ($0.11) earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts anticipate that Huntsman will post -0.25 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.0875 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a yield of 2.3%. Huntsman’s dividend payout ratio (DPR) is -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.