Huntsman Co. (NYSE:HUN) has been given an average recommendation of “Hold” by the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $26.10.
A number of research firms have commented on HUN. KeyCorp reduced their price objective on shares of Huntsman from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. UBS Group set a $26.00 price objective on shares of Huntsman and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Goldman Sachs Group raised shares of Huntsman from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Thursday, May 9th. Barclays reaffirmed a “sell” rating and set a $19.00 price objective on shares of Huntsman in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group reduced their price objective on shares of Huntsman from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, June 17th.
HUN stock traded up $0.73 during midday trading on Friday, reaching $19.51. 3,096,100 shares of the company were exchanged, compared to its average volume of 2,909,145. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.83 and a quick ratio of 1.16. The business has a 50-day moving average price of $20.15 and a two-hundred day moving average price of $21.46. Huntsman has a one year low of $17.33 and a one year high of $33.04. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 0.96 and a beta of 2.29.
Huntsman (NYSE:HUN) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). Huntsman had a positive return on equity of 18.68% and a negative net margin of 1.37%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, analysts anticipate that Huntsman will post 2.3 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.1625 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.33%. Huntsman’s payout ratio is presently 19.46%.
In other Huntsman news, VP David M. Stryker bought 2,000 shares of Huntsman stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $19.01 per share, with a total value of $38,020.00. Following the completion of the transaction, the vice president now owns 179,930 shares in the company, valued at approximately $3,420,469.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. raised its stake in Huntsman by 225.8% in the second quarter. Bessemer Group Inc. now owns 18,943 shares of the basic materials company’s stock valued at $387,000 after purchasing an additional 13,129 shares in the last quarter. Commonwealth Bank of Australia raised its stake in Huntsman by 14.7% in the first quarter. Commonwealth Bank of Australia now owns 161,322 shares of the basic materials company’s stock valued at $3,624,000 after purchasing an additional 20,655 shares in the last quarter. Acadian Asset Management LLC raised its stake in Huntsman by 477.1% during the first quarter. Acadian Asset Management LLC now owns 240,358 shares of the basic materials company’s stock worth $5,405,000 after acquiring an additional 198,706 shares in the last quarter. Systematic Financial Management LP raised its stake in Huntsman by 48.7% during the first quarter. Systematic Financial Management LP now owns 685,936 shares of the basic materials company’s stock worth $15,427,000 after acquiring an additional 224,558 shares in the last quarter. Finally, Hancock Whitney Corp raised its stake in Huntsman by 525.2% during the first quarter. Hancock Whitney Corp now owns 299,266 shares of the basic materials company’s stock worth $6,730,000 after acquiring an additional 251,400 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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