Analysts Set Huntsman Corporation (NYSE:HUN) Target Price at $12.83

Shares of Huntsman Corporation (NYSE:HUN) have received an average recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.8333.

A number of analysts recently weighed in on the company. Wells Fargo & Company dropped their target price on Huntsman from $14.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. Bank of America increased their price target on shares of Huntsman from $10.00 to $11.00 and gave the company an “underperform” rating in a research report on Tuesday, June 30th. Wall Street Zen raised shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Mizuho lowered their price objective on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group set a $12.00 price objective on shares of Huntsman in a research note on Thursday, July 16th.

Huntsman Stock Performance

NYSE HUN opened at $10.34 on Tuesday. Huntsman has a 52-week low of $7.30 and a 52-week high of $16.08. The company has a fifty day moving average of $11.82 and a 200-day moving average of $12.71. The company has a market capitalization of $1.81 billion, a P/E ratio of -9.94 and a beta of 0.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 annualized dividend and a yield of 3.4%. Huntsman’s payout ratio is currently -33.65%.

Insider Transactions at Huntsman

In related news, CEO Peter R. Huntsman acquired 100,000 shares of Huntsman stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of $9.81 per share, with a total value of $981,000.00. Following the completion of the purchase, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at $71,184,705.21. This represents a 1.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huntsman

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Huntsman during the 2nd quarter worth approximately $193,750,000. Pzena Investment Management LLC bought a new position in shares of Huntsman in the second quarter worth approximately $54,817,000. UBS Group AG grew its holdings in shares of Huntsman by 83.5% in the third quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock worth $66,131,000 after purchasing an additional 3,351,265 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Huntsman by 29.8% in the third quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock worth $106,878,000 after buying an additional 2,772,563 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Huntsman by 476.5% during the 3rd quarter. Two Sigma Investments LP now owns 2,841,510 shares of the basic materials company’s stock valued at $25,517,000 after buying an additional 2,348,598 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

About Huntsman

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.