Huntsman (NYSE:HUN) Price Target Cut to $14.00 by Analysts at Citigroup

Huntsman (NYSE:HUN) had its price objective cut by Citigroup from $19.00 to $14.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other research analysts have also recently commented on HUN. Morgan Stanley reduced their target price on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group decreased their price objective on Huntsman from $22.00 to $19.00 and set a “sell” rating on the stock in a report on Wednesday, March 5th. Wells Fargo & Company cut their target price on Huntsman from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Mizuho decreased their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.63.

Huntsman Stock Performance

Shares of HUN opened at $13.38 on Friday. Huntsman has a 12-month low of $12.46 and a 12-month high of $25.98. 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 company has a market cap of $2.32 billion, a PE ratio of -12.16 and a beta of 0.95. The stock has a 50-day moving average price of $16.76 and a 200-day moving average price of $19.11.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate 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, equities analysts forecast that Huntsman will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.48%. The ex-dividend date was Friday, March 14th. Huntsman’s payout ratio is -90.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HUN. Pzena Investment Management LLC boosted its stake in shares of Huntsman by 320.2% during the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company’s stock valued at $84,663,000 after purchasing an additional 3,578,100 shares in the last quarter. Nomura Holdings Inc. boosted its position in Huntsman by 188.3% during the 4th quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company’s stock valued at $58,940,000 after acquiring an additional 2,135,000 shares in the last quarter. Norges Bank bought a new position in shares of Huntsman in the 4th quarter worth approximately $37,464,000. Deprince Race & Zollo Inc. lifted its stake in shares of Huntsman by 70.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company’s stock valued at $49,815,000 after purchasing an additional 1,139,549 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Huntsman by 61.3% during the fourth quarter. Marshall Wace LLP now owns 1,712,163 shares of the basic materials company’s stock valued at $30,870,000 after purchasing an additional 650,951 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

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.