Huntsman (NYSE:HUN) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Huntsman (NYSE:HUN) from a sell rating to a hold rating in a research note released on Tuesday morning.

HUN has been the topic of a number of other reports. JPMorgan Chase & Co. decreased their price objective on Huntsman from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. The Goldman Sachs Group lowered their price objective on Huntsman from $19.00 to $13.50 and set a “sell” rating for the company in a research report on Tuesday, May 6th. Citigroup cut their target price on shares of Huntsman from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada cut their price objective on shares of Huntsman from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.00.

Huntsman Stock Performance

Shares of NYSE:HUN opened at $12.94 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. The business’s fifty day moving average price is $14.32 and its two-hundred day moving average price is $16.99. Huntsman has a fifty-two week low of $11.15 and a fifty-two week high of $25.78. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -11.76 and a beta of 0.82.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Huntsman’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.06) EPS. As a group, analysts predict that Huntsman will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.73%. Huntsman’s dividend payout ratio is -109.89%.

Institutional Trading of Huntsman

A number of large investors have recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its stake in Huntsman by 177.9% in the first quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 1,395 shares during the period. R Squared Ltd bought a new position in shares of Huntsman during the 4th quarter valued at about $40,000. Quadrant Capital Group LLC grew its position 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 purchasing an additional 956 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Huntsman by 1,717.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 3,075 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in Huntsman during the 1st quarter worth approximately $53,000. 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.