Huntsman (NYSE:HUN) Price Target Lowered to $24.00 at Citigroup

Huntsman (NYSE:HUN) had its price objective cut by Citigroup from $26.00 to $24.00 in a report released on Thursday, Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

HUN has been the subject of several other research reports. Royal Bank of Canada upped their price objective on shares of Huntsman from $24.00 to $26.00 and gave the stock a sector perform rating in a research report on Tuesday, May 7th. The Goldman Sachs Group increased their target price on shares of Huntsman from $25.00 to $28.00 and gave the stock a sell rating in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised shares of Huntsman from an underweight rating to an overweight rating and increased their target price for the stock from $22.00 to $27.00 in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $27.00.

Huntsman Stock Performance

Shares of HUN stock opened at $22.77 on Thursday. Huntsman has a 12 month low of $22.14 and a 12 month high of $29.90. The company’s fifty day simple moving average is $24.20 and its 200-day simple moving average is $24.66. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49. The firm has a market cap of $3.94 billion, a PE ratio of -43.79 and a beta of 1.07.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the business posted $0.20 earnings per share. Huntsman’s revenue was down 8.5% compared to the same quarter last year. Equities research analysts expect that Huntsman will post 0.4 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.39%. Huntsman’s dividend payout ratio (DPR) is presently -192.31%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HUN. Quadrant Capital Group LLC raised its holdings in Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after buying an additional 521 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Huntsman during the 4th quarter valued at approximately $36,000. Montag A & Associates Inc. acquired a new stake in Huntsman during the 4th quarter valued at approximately $45,000. Fidelis Capital Partners LLC acquired a new stake in Huntsman during the 1st quarter valued at approximately $45,000. Finally, Quarry LP acquired a new stake in Huntsman during the 4th quarter valued at approximately $52,000. 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.