Huntsman Co. (NYSE:HUN – Get Free Report) announced a quarterly dividend on Tuesday, November 5th, RTT News reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.25 per share by the basic materials company on Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 4.64%.
Huntsman has raised its dividend payment by an average of 13.5% annually over the last three years. Huntsman has a payout ratio of 89.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Huntsman to earn $1.07 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 93.5%.
Huntsman Trading Up 4.0 %
NYSE:HUN opened at $21.56 on Wednesday. The company has a market capitalization of $3.73 billion, a P/E ratio of -41.48 and a beta of 1.02. The stock’s 50 day moving average price is $22.74 and its 200 day moving average price is $23.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30. Huntsman has a 52 week low of $19.90 and a 52 week high of $27.01.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Wells Fargo & Company cut their target price on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada raised their price objective on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. UBS Group reduced their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Huntsman presently has an average rating of “Hold” and an average target price of $25.88.
Read Our Latest Stock Analysis on Huntsman
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.
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