Brokerages Set Huntsman Corporation (NYSE:HUN) PT at $12.50

Shares of Huntsman Corporation (NYSE:HUN) have received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.50.

Several analysts recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Huntsman from $14.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. UBS Group lowered their price target on Huntsman from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Royal Bank Of Canada cut their price objective on Huntsman from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Monday, August 3rd. Jefferies Financial Group set a $16.00 price target on shares of Huntsman in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price objective on shares of Huntsman in a research note on Thursday, August 20th.

Huntsman Price Performance

Huntsman stock opened at $9.62 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.78 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $10.71 and a 200 day moving average price of $12.37. Huntsman has a 12-month low of $7.30 and a 12-month high of $16.08. The stock has a market cap of $1.69 billion, a P/E ratio of -9.25 and a beta of 0.70.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.0875 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 dividend on an annualized basis and a yield of 3.6%. Huntsman’s dividend payout ratio (DPR) is currently -33.65%.

Insider Activity at Huntsman

In other news, CEO Peter R. Huntsman bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the purchase, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This represents a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Huntsman

A number of institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its position in shares of Huntsman by 166.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock valued at $28,000 after buying an additional 1,670 shares during the last quarter. Nykredit A S purchased a new stake in Huntsman in the second quarter valued at $32,000. Global Retirement Partners LLC acquired a new position in Huntsman in the second quarter valued at $45,000. Allworth Financial LP acquired a new position in Huntsman in the second quarter valued at $52,000. Finally, Essential Partners LLC grew its holdings in shares of Huntsman by 40.3% during the first quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 1,655 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

About Huntsman

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.