JPMorgan Chase & Co. Cuts Huntsman (NYSE:HUN) Price Target to $22.00

Huntsman (NYSE:HUN) had its target price reduced by JPMorgan Chase & Co. from $25.00 to $22.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

HUN has been the subject of a number of other research reports. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. Mizuho decreased their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley decreased their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company decreased their price objective on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, UBS Group decreased their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.63.

Huntsman Trading Down 0.9 %

Huntsman stock opened at $17.63 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of -16.02 and a beta of 0.95. Huntsman has a 1 year low of $15.67 and a 1 year high of $27.01. The firm’s 50 day moving average price is $17.39 and its two-hundred day moving average price is $20.10.

Huntsman (NYSE:HUN) last posted its quarterly 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). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. On average, research analysts predict that Huntsman will post 0.47 EPS for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Friday, March 14th. Huntsman’s payout ratio is presently -90.91%.

Institutional Investors Weigh In On Huntsman

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Huntsman by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company’s stock valued at $297,171,000 after purchasing an additional 130,702 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Huntsman by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company’s stock valued at $102,529,000 after purchasing an additional 349,502 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Huntsman by 320.2% in 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 during the last quarter. State Street Corp raised its holdings in Huntsman by 2.2% in the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock worth $79,905,000 after acquiring an additional 70,382 shares during the period. Finally, Nomura Holdings Inc. raised its holdings in Huntsman by 188.3% in the 4th quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company’s stock worth $58,940,000 after acquiring an additional 2,135,000 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Company Profile

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.