Shares of Huntsman Co. (NYSE:HUN) have been given an average recommendation of “Buy” by the fifteen analysts that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $36.50.
Several equities research analysts have recently commented on HUN shares. Jefferies Group lifted their price target on shares of Huntsman to $43.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. ValuEngine cut shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 17th. KeyCorp lifted their price target on shares of Huntsman from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Nomura cut shares of Huntsman from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $40.00 to $36.00 in a research report on Tuesday, March 20th. Finally, Instinet reiterated a “neutral” rating on shares of Huntsman in a research report on Tuesday, March 20th.
In related news, insider Monte G. Edlund sold 2,000 shares of Huntsman stock in a transaction that occurred on Saturday, February 17th. The shares were sold at an average price of $21.40, for a total transaction of $42,800.00. Following the transaction, the insider now owns 52,696 shares of the company’s stock, valued at approximately $1,127,694.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.00% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in Huntsman by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 610 shares during the last quarter. Amalgamated Bank boosted its stake in Huntsman by 6.0% during the 4th quarter. Amalgamated Bank now owns 39,304 shares of the basic materials company’s stock worth $1,308,000 after acquiring an additional 2,215 shares during the last quarter. Raymond James & Associates boosted its stake in Huntsman by 0.6% during the 4th quarter. Raymond James & Associates now owns 430,620 shares of the basic materials company’s stock worth $14,335,000 after acquiring an additional 2,756 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Huntsman by 34.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,142 shares of the basic materials company’s stock worth $404,000 after acquiring an additional 3,144 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Huntsman by 45.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,473 shares of the basic materials company’s stock worth $382,000 after acquiring an additional 3,610 shares during the last quarter. 75.95% of the stock is currently owned by institutional investors and hedge funds.
HUN opened at $28.33 on Wednesday. Huntsman has a 1-year low of $23.12 and a 1-year high of $36.09. The company has a quick ratio of 1.50, a current ratio of 1.83 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $7,089.61, a price-to-earnings ratio of 11.42, a P/E/G ratio of 1.29 and a beta of 2.72.
Huntsman (NYSE:HUN) last issued its quarterly earnings results on Friday, February 23rd. The basic materials company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.66 by $0.10. Huntsman had a net margin of 6.73% and a return on equity of 29.30%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter in the previous year, the company earned $0.30 EPS. Huntsman’s revenue was up 15.7% on a year-over-year basis. equities research analysts forecast that Huntsman will post 2.77 EPS for the current year.
Huntsman declared that its board has authorized a stock repurchase program on Friday, February 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the basic materials company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were paid a dividend of $0.1625 per share. This is a positive change from Huntsman’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.65 annualized dividend and a yield of 2.29%. Huntsman’s dividend payout ratio (DPR) is presently 26.21%.
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Huntsman Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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