Huntsman Co. (NYSE:HUN) Receives $21.63 Average Target Price from Analysts

Huntsman Co. (NYSE:HUN) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $20.50.

HUN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada raised their price target on shares of Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Citigroup lowered their price target on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Finally, Mizuho lowered their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th.

Institutional Trading of Huntsman

Institutional investors have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in Huntsman during the 4th quarter worth $40,000. Quadrant Capital Group LLC grew its holdings in shares of Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after buying an additional 956 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Huntsman in the 4th quarter valued at $60,000. True Wealth Design LLC acquired a new position in shares of Huntsman in the 3rd quarter valued at $62,000. Finally, Quarry LP acquired a new position in shares of Huntsman in the 4th quarter valued at $65,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Performance

NYSE:HUN opened at $17.33 on Tuesday. Huntsman has a 1 year low of $15.46 and a 1 year high of $26.76. The firm has a 50 day moving average of $17.17 and a 200-day moving average of $19.86. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $3.00 billion, a P/E ratio of -15.75 and a beta of 0.95.

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

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Friday, March 14th. Huntsman’s dividend payout ratio is presently -90.91%.

About Huntsman

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.