Huntsman Corporation (NYSE:HUN) Given Average Rating of “Reduce” by Brokerages

Huntsman Corporation (NYSE:HUN) has earned an average rating of “Reduce” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.00.

Several research analysts recently weighed in on the stock. Mizuho upped their price target on shares of Huntsman from $8.00 to $9.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 18th. The Goldman Sachs Group reiterated a “sell” rating and issued a $13.00 price objective on shares of Huntsman in a report on Friday, February 20th. Citigroup increased their price objective on shares of Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a report on Saturday. Finally, UBS Group increased their price objective on shares of Huntsman from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, February 19th.

Huntsman Stock Up 1.6%

HUN opened at $14.98 on Friday. Huntsman has a twelve month low of $7.30 and a twelve month high of $15.90. The company has a quick ratio of 0.78, a current ratio of 1.27 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $12.89 and a 200 day moving average price of $11.33. The company has a market cap of $2.63 billion, a PE ratio of -7.80 and a beta of 0.62.

Huntsman (NYSE:HUN) last released 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 net margin of 5.83% and a negative return on equity of 4.60%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned ($0.11) EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts expect that Huntsman will post -0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed 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 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 is presently -18.23%.

Institutional Trading of Huntsman

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Huntsman by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock valued at $178,809,000 after acquiring an additional 1,523,590 shares during the last quarter. AQR Capital Management LLC raised its holdings in Huntsman by 29.8% in the 3rd quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock valued at $106,878,000 after acquiring an additional 2,772,563 shares during the last quarter. UBS Group AG raised its holdings in Huntsman by 83.5% in the 3rd quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock valued at $66,131,000 after acquiring an additional 3,351,265 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Huntsman by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,969,687 shares of the basic materials company’s stock valued at $69,697,000 after acquiring an additional 336,966 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Huntsman by 16.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,950,777 shares of the basic materials company’s stock valued at $92,509,000 after acquiring an additional 1,003,187 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

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.