Huntsman (NYSE:HUN) Given New $22.00 Price Target at Wells Fargo & Company

Huntsman (NYSE:HUN) had its price target decreased by Wells Fargo & Company from $25.00 to $22.00 in a report issued on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the basic materials company’s stock.

Several other equities research analysts also recently commented on HUN. Mizuho cut their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Citigroup cut their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Alembic Global Advisors downgraded shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Morgan Stanley cut their target price on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, UBS Group dropped their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.63.

Huntsman Trading Down 0.9 %

HUN opened at $17.63 on Wednesday. The company’s 50 day moving average is $17.39 and its 200-day moving average is $20.10. Huntsman has a 1-year low of $15.67 and a 1-year high of $27.01. 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 $3.05 billion, a P/E ratio of -16.02 and a beta of 0.95.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, February 17th. The basic materials company reported ($0.25) 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 for the quarter, compared to analyst estimates of $1.45 billion. Equities research analysts predict that Huntsman will post 0.47 earnings per share for the current fiscal year.

Huntsman Announces Dividend

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

Institutional Trading of Huntsman

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased 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 acquiring an additional 130,702 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 349,502 shares in the last quarter. Pzena Investment Management LLC increased 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 acquiring an additional 3,578,100 shares in the last quarter. State Street Corp increased its stake in shares of Huntsman by 2.2% in the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock valued at $79,905,000 after acquiring an additional 70,382 shares in the last quarter. Finally, Nomura Holdings Inc. increased its stake in shares of Huntsman by 188.3% in 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. Institutional investors 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.