Huntsman (NYSE:HUN) Trading Up 5.8%

Shares of Huntsman Co. (NYSE:HUN) shot up 5.8% during trading on Monday . The stock traded as high as $22.58 and last traded at $22.38, 4,007,497 shares traded hands during trading. An increase of 55% from the average session volume of 2,581,883 shares. The stock had previously closed at $21.15.

A number of equities analysts have recently commented on HUN shares. Citigroup set a $21.00 price target on shares of Huntsman and gave the company a “hold” rating in a research report on Monday, July 15th. Nomura restated a “buy” rating and issued a $26.00 price objective on shares of Huntsman in a research note on Sunday, August 11th. ValuEngine raised shares of Huntsman from a “sell” rating to a “hold” rating in a report on Tuesday. UBS Group set a $26.00 target price on shares of Huntsman and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group lowered their target price on shares of Huntsman from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Huntsman has an average rating of “Hold” and a consensus price target of $27.36.

The stock has a market cap of $5.17 billion, a P/E ratio of 6.89, a P/E/G ratio of 1.14 and a beta of 2.30. The firm has a 50 day moving average of $19.98 and a two-hundred day moving average of $21.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.83.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was down 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Huntsman Co. will post 2.31 EPS for the current fiscal year.

The firm also recently disclosed 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 is Thursday, September 12th. This represents a $0.65 annualized dividend and a dividend yield of 2.83%. Huntsman’s dividend payout ratio is 19.46%.

Several institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. raised its stake in Huntsman by 225.8% during the 2nd 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 during the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Huntsman by 14.7% during the 1st quarter. Commonwealth Bank of Australia now owns 161,322 shares of the basic materials company’s stock worth $3,624,000 after purchasing an additional 20,655 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Huntsman by 477.1% during the 1st quarter. Acadian Asset Management LLC now owns 240,358 shares of the basic materials company’s stock worth $5,405,000 after purchasing an additional 198,706 shares during the period. Hancock Whitney Corp raised its position in shares of Huntsman by 525.2% during the first quarter. Hancock Whitney Corp now owns 299,266 shares of the basic materials company’s stock valued at $6,730,000 after buying an additional 251,400 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Huntsman by 85.5% during the second quarter. Envestnet Asset Management Inc. now owns 473,808 shares of the basic materials company’s stock valued at $9,685,000 after buying an additional 218,389 shares during the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.

Huntsman Company Profile (NYSE:HUN)

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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