Huntsman Co. (NYSE:HUN) Given Consensus Rating of “Hold” by Brokerages

Shares of Huntsman Co. (NYSE:HUN) have received a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $17.67.

A number of equities research analysts have weighed in on the company. Mizuho cut their target price on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Citigroup dropped their price target on Huntsman from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Wells Fargo & Company dropped their price target on Huntsman from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Finally, Alembic Global Advisors cut Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th.

Huntsman Stock Down 0.2 %

HUN stock opened at $13.34 on Wednesday. The stock has a market cap of $2.32 billion, a PE ratio of -12.13 and a beta of 0.85. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $15.46 and its 200 day simple moving average is $17.85. Huntsman has a fifty-two week low of $11.90 and a fifty-two week high of $25.92.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. As a group, sell-side analysts predict that Huntsman will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 7.50%. Huntsman’s dividend payout ratio is currently -90.91%.

Institutional Trading of Huntsman

A number of hedge funds and other institutional investors have recently made changes to their positions in HUN. Sanctuary Advisors LLC increased its stake in shares of Huntsman by 15.3% in the third quarter. Sanctuary Advisors LLC now owns 22,281 shares of the basic materials company’s stock valued at $539,000 after buying an additional 2,951 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Huntsman by 84.6% in the third quarter. Tidal Investments LLC now owns 28,098 shares of the basic materials company’s stock valued at $680,000 after buying an additional 12,875 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Huntsman by 10.3% in the third quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock valued at $32,488,000 after buying an additional 124,841 shares in the last quarter. First Hawaiian Bank acquired a new stake in shares of Huntsman in the fourth quarter valued at $569,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Huntsman by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock valued at $686,000 after acquiring an additional 674 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.