Huntsman Co. (NYSE:HUN) Receives $26.50 Consensus Target Price from Analysts

Huntsman Co. (NYSE:HUN) has been given a consensus rating of “Hold” by the ten research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $26.50.

Several brokerages recently weighed in on HUN. JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $22.00 to $27.00 in a research note on Friday, June 7th. UBS Group lowered their target price on Huntsman from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Royal Bank of Canada upped their target price on Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 7th. Citigroup lowered their target price on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Finally, Wells Fargo & Company lowered their target price on Huntsman from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th.

Institutional Investors Weigh In On Huntsman

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Butensky & Cohen Financial Security Inc. increased its holdings in shares of Huntsman by 0.3% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company’s stock valued at $3,474,000 after purchasing an additional 483 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its holdings in shares of Huntsman by 1.7% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 30,817 shares of the basic materials company’s stock valued at $802,000 after purchasing an additional 505 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Huntsman by 93.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 521 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Huntsman by 44.0% in the first quarter. GAMMA Investing LLC now owns 2,115 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 646 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Huntsman by 4.0% in the first quarter. William Blair Investment Management LLC now owns 17,131 shares of the basic materials company’s stock valued at $446,000 after purchasing an additional 653 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Trading Up 1.5 %

HUN opened at $23.41 on Monday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of -45.02 and a beta of 1.01. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. Huntsman has a 12 month low of $21.41 and a 12 month high of $29.90. The stock has a fifty day moving average price of $23.48 and a 200-day moving average price of $24.32.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. As a group, equities research analysts anticipate that Huntsman will post 0.33 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 4.27%. Huntsman’s dividend payout ratio is presently -192.31%.

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.