Huntsman Corporation (NYSE:HUN) Given Average Recommendation of “Hold” by Analysts

Shares of Huntsman Corporation (NYSE:HUN) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $13.5833.

A number of brokerages have recently weighed in on HUN. Weiss Ratings upgraded shares of Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Mizuho upgraded shares of Huntsman from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $10.00 to $14.00 in a research report on Tuesday, June 16th. Morgan Stanley lifted their target price on shares of Huntsman from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Wells Fargo & Company upped their target price on shares of Huntsman from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th.

Institutional Trading of Huntsman

Institutional investors have recently added to or reduced their stakes in the stock. Strategic Advocates LLC acquired a new stake in Huntsman in the third quarter valued at $27,000. Essential Partners LLC boosted its position in Huntsman by 40.3% during the 1st quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 1,655 shares during the period. Advisory Services Network LLC acquired a new position in Huntsman during the 3rd quarter valued at approximately $58,000. Parkside Financial Bank & Trust grew its holdings in Huntsman by 1,005.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after buying an additional 5,925 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Huntsman by 121.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after buying an additional 3,706 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Price Performance

NYSE:HUN opened at $11.44 on Monday. The company has a market capitalization of $2.01 billion, a P/E ratio of -5.96 and a beta of 0.64. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.58. Huntsman has a 52 week low of $7.30 and a 52 week high of $16.08. The stock’s fifty day moving average is $13.94 and its two-hundred day moving average is $12.61.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. Equities analysts expect that Huntsman will post -0.25 EPS for the current year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.0875 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.35 annualized dividend and a yield of 3.1%. Huntsman’s payout ratio is -18.23%.

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.