Huntsman Corporation (NYSE:HUN) Receives Consensus Rating of “Reduce” from Analysts

Shares of Huntsman Corporation (NYSE:HUN) have been given an average recommendation of “Reduce” by the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $13.1667.

A number of research analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a “sell” rating and set a $13.00 target price on shares of Huntsman in a report on Friday, February 20th. Wall Street Zen upgraded Huntsman from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group upped their target price on Huntsman from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Mizuho raised their target price on Huntsman from $8.00 to $9.00 and gave the company an “underperform” rating in a research note on Wednesday, February 18th. Finally, Morgan Stanley raised their price target on Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th.

Institutional Trading of Huntsman

A number of institutional investors have recently modified their holdings of the stock. Aquatic Capital Management LLC lifted its stake in Huntsman by 223.5% in the 3rd quarter. Aquatic Capital Management LLC now owns 517,684 shares of the basic materials company’s stock valued at $4,649,000 after purchasing an additional 357,662 shares during the last quarter. Impala Asset Management LLC grew its stake in Huntsman by 49.8% during the third quarter. Impala Asset Management LLC now owns 1,731,000 shares of the basic materials company’s stock worth $15,544,000 after purchasing an additional 575,800 shares during the period. Regents Gate Capital LLP grew its stake in Huntsman by 117.7% during the third quarter. Regents Gate Capital LLP now owns 463,137 shares of the basic materials company’s stock worth $4,159,000 after purchasing an additional 250,389 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Huntsman during the third quarter worth approximately $832,000. Finally, Gamco Investors INC. ET AL grew its stake in Huntsman by 81.7% during the third quarter. Gamco Investors INC. ET AL now owns 293,500 shares of the basic materials company’s stock worth $2,636,000 after purchasing an additional 132,000 shares during the period. 84.81% of the stock is currently owned by institutional investors.

Huntsman Price Performance

Shares of NYSE HUN opened at $14.77 on Thursday. Huntsman has a fifty-two week low of $7.30 and a fifty-two week high of $15.90. The firm’s 50-day simple moving average is $13.86 and its 200 day simple moving average is $12.16. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2.59 billion, a P/E ratio of -7.69 and a beta of 0.64.

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

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given 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 dividend yield of 2.4%. Huntsman’s payout ratio is -18.23%.

Huntsman Company Profile

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.