Huntsman (NYSE:HUN) Hits New 12-Month High – What’s Next?

Huntsman Corporation (NYSE:HUN) hit a new 52-week high on Friday . The stock traded as high as $15.91 and last traded at $15.7320, with a volume of 966797 shares traded. The stock had previously closed at $15.08.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HUN shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $15.00 price target on shares of Huntsman in a report on Tuesday, May 19th. UBS Group raised their price target on Huntsman from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. lowered Huntsman from an “overweight” rating to a “neutral” rating and raised their price target for the company from $11.00 to $14.00 in a report on Thursday, February 19th. Alembic Global Advisors raised Huntsman from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, Mizuho raised their price target on Huntsman from $8.00 to $9.00 and gave the company an “underperform” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $13.17.

Huntsman Price Performance

The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of -8.20 and a beta of 0.64. The stock has a 50-day moving average of $14.10 and a two-hundred day moving average of $12.41.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company posted ($0.11) EPS. Huntsman’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts anticipate that Huntsman Corporation will post -0.25 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, June 15th. Huntsman’s dividend payout ratio is currently -18.23%.

Institutional Investors Weigh In On Huntsman

Hedge funds have recently bought and sold shares of the business. Strategic Advocates LLC purchased a new stake in Huntsman in the 3rd quarter worth about $27,000. Advisory Services Network LLC purchased a new stake in Huntsman in the 3rd quarter worth about $58,000. Caitong International Asset Management Co. Ltd lifted its stake in Huntsman by 121.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 3,706 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Huntsman by 1,005.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after acquiring an additional 5,925 shares in the last quarter. Finally, Platinum Investment Management Ltd. purchased a new stake in Huntsman in the 4th quarter worth about $68,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.