Huntsman Co. (NYSE:HUN) Receives $25.75 Average PT from Analysts

Shares of Huntsman Co. (NYSE:HUN) have earned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $25.75.

A number of research analysts have commented on HUN shares. 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. UBS Group cut their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Wells Fargo & Company reduced their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th.

Huntsman Price Performance

Shares of NYSE:HUN opened at $19.58 on Friday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of -28.38 and a beta of 1.02. Huntsman has a 12-month low of $19.11 and a 12-month high of $27.01. The business has a 50-day moving average price of $21.98 and a 200 day moving average price of $22.48. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. Sell-side analysts expect that Huntsman will post 0.09 EPS for the current year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Friday, December 13th. Huntsman’s dividend payout ratio is presently -144.93%.

Insider Transactions at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Huntsman

Hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its holdings in shares of Huntsman by 84.6% in the 3rd quarter. Tidal Investments LLC now owns 28,098 shares of the basic materials company’s stock valued at $680,000 after buying an additional 12,875 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Huntsman by 15.3% in the third quarter. Sanctuary Advisors LLC now owns 22,281 shares of the basic materials company’s stock valued at $539,000 after acquiring an additional 2,951 shares during the last quarter. Geode Capital Management LLC boosted its stake in Huntsman by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company’s stock valued at $62,538,000 after acquiring an additional 40,330 shares in the last quarter. MidWestOne Financial Group Inc. acquired a new stake in shares of Huntsman during the third quarter worth about $203,000. Finally, Harvest Investment Advisors LLC lifted its holdings in shares of Huntsman by 12.1% in the 3rd quarter. Harvest Investment Advisors LLC now owns 51,656 shares of the basic materials company’s stock valued at $1,250,000 after purchasing an additional 5,575 shares during the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

About Huntsman

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.