Shares of Huntsman Co. (NYSE:HUN) have earned a consensus recommendation of “Hold” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $26.10.
Several research firms have weighed in on HUN. ValuEngine upgraded shares of Huntsman from a “strong sell” rating to a “sell” rating in a research note on Friday, July 19th. Nomura reiterated a “buy” rating and set a $26.00 target price on shares of Huntsman in a research note on Sunday, August 11th. Jefferies Financial Group lowered their target price on shares of Huntsman from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, June 17th. KeyCorp lowered their target price on shares of Huntsman from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Barclays reiterated a “sell” rating and set a $19.00 target price on shares of Huntsman in a research note on Wednesday, July 31st.
HUN traded down $0.62 during trading on Friday, hitting $18.74. The company had a trading volume of 2,505,631 shares, compared to its average volume of 2,864,346. The company has a market cap of $4.44 billion, a PE ratio of 5.61, a P/E/G ratio of 0.99 and a beta of 2.29. The business has a 50-day moving average of $20.00 and a 200-day moving average of $21.37. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.83 and a quick ratio of 1.16. Huntsman has a 1-year low of $17.33 and a 1-year high of $33.04.
Huntsman (NYSE:HUN) last released its earnings results on Tuesday, July 30th. The basic materials company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). Huntsman had a negative net margin of 1.37% and a positive return on equity of 18.68%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. Research analysts forecast that Huntsman will post 2.31 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.65 annualized dividend and a dividend yield of 3.47%. Huntsman’s dividend payout ratio is currently 19.46%.
Institutional investors have recently added to or reduced their stakes in the company. Icon Wealth Partners LLC bought a new position in shares of Huntsman during the first quarter worth about $28,000. Meridian Wealth Management LLC bought a new position in shares of Huntsman during the first quarter worth about $37,000. FinTrust Capital Advisors LLC grew its position in shares of Huntsman by 130.2% during the first quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 1,143 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Huntsman by 67.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 2,305 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 931 shares during the last quarter. Finally, Pearl River Capital LLC bought a new position in shares of Huntsman during the first quarter worth about $54,000. Institutional investors and hedge funds own 75.32% of the company’s stock.
Huntsman Company Profile
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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