Huntsman Corporation (NYSE:HUN) Given Average Recommendation of “Hold” by Analysts

Huntsman Corporation (NYSE:HUN) has earned an average rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $13.6667.

HUN has been the topic of a number of research reports. Royal Bank Of Canada increased their target price on shares of Huntsman from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $15.00 price objective on shares of Huntsman in a research note on Tuesday, May 19th. The Goldman Sachs Group set a $12.00 target price on shares of Huntsman in a report on Thursday, July 16th. Finally, Citigroup lifted their target price on Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, May 4th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Huntsman by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock valued at $178,809,000 after buying an additional 1,523,590 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Huntsman by 29.8% in the 3rd quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock worth $106,878,000 after acquiring an additional 2,772,563 shares during the period. UBS Group AG increased its holdings in shares of Huntsman by 83.5% in the 3rd quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock worth $66,131,000 after acquiring an additional 3,351,265 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Huntsman by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,969,687 shares of the basic materials company’s stock valued at $69,697,000 after purchasing an additional 336,966 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Huntsman by 16.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,950,777 shares of the basic materials company’s stock valued at $92,509,000 after purchasing an additional 1,003,187 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

Huntsman Price Performance

Shares of NYSE HUN opened at $12.58 on Friday. 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 company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -6.55 and a beta of 0.69. Huntsman has a twelve month low of $7.30 and a twelve month high of $16.08. The business has a 50 day simple moving average of $12.99 and a 200-day simple moving average of $12.75.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the business posted ($0.11) earnings per share. As a group, equities research analysts expect that Huntsman will post -0.21 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.0875 per share. The ex-dividend date was Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a yield of 2.8%. Huntsman’s payout ratio is currently -18.23%.

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.