Huntsman Corp. (HUN) Shares Down 3.3%
Huntsman Corp. (NYSE:HUN) shares fell 3.3% during trading on Wednesday . The stock traded as low as $17.03 and last traded at $17.18, with a volume of 1,313,726 shares. The stock had previously closed at $17.77.
Several research firms recently commented on HUN. Zacks Investment Research cut Huntsman Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a research note on Monday, August 22nd. Citigroup Inc. boosted their target price on Huntsman Corp. from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. Finally, Nomura reissued a “buy” rating on shares of Huntsman Corp. in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $16.89.
The stock has a market capitalization of $4.12 billion and a price-to-earnings ratio of 20.63. The firm’s 50 day moving average is $16.23 and its 200-day moving average is $14.34.
Huntsman Corp. (NYSE:HUN) last announced its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.59 billion. Huntsman Corp.’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, analysts anticipate that Huntsman Corp. will post $1.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.89%.
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). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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