Huntsman (NYSE: HUN) had its price target lowered by Jefferies Group from $18.00 to $17.00 in a research report released on Wednesday morning.
A number of other firms have also recently commented on HUN. Analysts at Zacks downgraded shares of Huntsman from a neutral rating to an underperform rating in a research note to investors on Monday, January 21st. They now have a $16.70 price target on the stock. Separately, analysts at Wells Fargo downgraded shares of Huntsman from an outperform rating to a market perform rating in a research note to investors on Monday, January 14th. They noted that the move was a valuation call. Finally, analysts at UBS AG downgraded shares of Huntsman from a buy rating to a neutral rating in a research note to investors on Thursday, January 10th. They now have a $18.00 price target on the stock, up previously from $16.00. They noted that the move was a valuation call.
Shares of Huntsman traded down 2.28% during mid-day trading on Wednesday, hitting $17.13. Huntsman has a one year low of $10.98 and a one year high of $19.11. The stock’s 50-day moving average is currently $17.64. The company has a market cap of $4.080 billion and a P/E ratio of 11.77.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, March 13th. This is a boost from Huntsman’s previous quarterly dividend of $0.10.
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