Huntsman Corporation (NYSE:HUN) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Huntsman Corporation (NYSE:HUN) have been given a consensus rating of “Hold” by the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $11.46.

A number of research analysts have weighed in on HUN shares. Citigroup lowered their target price on Huntsman from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price target on shares of Huntsman in a research report on Thursday, August 20th. KeyCorp initiated coverage on shares of Huntsman in a research note on Friday, September 11th. They issued an “overweight” rating and a $14.00 price objective on the stock. Weiss Ratings lowered shares of Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group set a $12.00 target price on shares of Huntsman in a report on Thursday, July 16th.

Insider Buying and Selling

In related news, CEO Peter R. Huntsman bought 100,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the transaction, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This trade represents a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Huntsman during the 2nd quarter worth approximately $193,750,000. Dimensional Fund Advisors LP increased its stake in shares of Huntsman by 16.9% in the first quarter. Dimensional Fund Advisors LP now owns 6,950,777 shares of the basic materials company’s stock worth $92,509,000 after purchasing an additional 1,003,187 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Huntsman by 1.9% during the 1st quarter. Pzena Investment Management LLC now owns 5,816,359 shares of the basic materials company’s stock valued at $77,416,000 after purchasing an additional 111,181 shares during the period. Bank of America Corp DE purchased a new position in shares of Huntsman during the 2nd quarter valued at $23,596,000. Finally, BNP Paribas Financial Markets boosted its holdings in Huntsman by 236.2% in the 4th quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company’s stock worth $11,826,000 after buying an additional 830,828 shares during the period. Institutional investors own 84.81% of the company’s stock.

Huntsman Stock Down 0.9%

Shares of Huntsman stock opened at $8.76 on Wednesday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -8.42 and a beta of 0.80. The company’s 50 day moving average is $9.63 and its 200 day moving average is $11.88. Huntsman has a twelve month low of $7.30 and a twelve month high of $16.08. The company has a quick ratio of 0.78, a current ratio of 1.33 and a debt-to-equity ratio of 0.59.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 15th. Huntsman’s dividend payout ratio is -33.65%.

About Huntsman

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company serves customers in industries including construction, automotive, aerospace, energy, electronics, coatings, adhesives, and consumer products.

Huntsman’s product portfolio includes polyurethane chemicals such as methylene diphenyl diisocyanate, or MDI, and polyols; performance chemicals including amines and maleic anhydride; and advanced materials such as epoxy-based formulations, adhesives, and composite materials.