Huntsman Co. (NYSE:HUN) Receives Average Rating of “Hold” from Brokerages

Huntsman Co. (NYSE:HUN) has received an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $25.88.

Several analysts have recently issued reports on HUN shares. UBS Group decreased their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada upped their price target on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company decreased their price target on Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th.

Institutional Trading of Huntsman

Several hedge funds have recently added to or reduced their stakes in the business. Matrix Trust Co bought a new stake in shares of Huntsman in the 3rd quarter worth approximately $25,000. Fidelis Capital Partners LLC bought a new stake in shares of Huntsman in the 1st quarter worth approximately $45,000. nVerses Capital LLC lifted its position in shares of Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 2,500 shares during the period. Innealta Capital LLC bought a new stake in shares of Huntsman in the 2nd quarter worth approximately $65,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Huntsman in the 3rd quarter worth approximately $78,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Stock Performance

Shares of HUN stock opened at $20.74 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. Huntsman has a fifty-two week low of $19.90 and a fifty-two week high of $27.01. The stock’s 50-day moving average is $22.74 and its two-hundred day moving average is $23.06. The firm has a market cap of $3.59 billion, a P/E ratio of -41.48 and a beta of 1.02.

Huntsman (NYSE:HUN) last issued its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. Analysts predict that Huntsman will post 0.19 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.82%. Huntsman’s payout ratio is -200.00%.

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.