Huntsman Corp. (HUN) Stock Price Up 3%
Shares of Huntsman Corp. (NYSE:HUN) rose 3% during mid-day trading on Friday . The stock traded as high as $17.79 and last traded at $17.69, with a volume of 1,148,207 shares traded. The stock had previously closed at $17.17.
HUN has been the subject of several recent research reports. Jefferies Group reiterated a “buy” rating on shares of Huntsman Corp. in a report on Monday, August 22nd. Nomura reiterated a “buy” rating on shares of Huntsman Corp. in a report on Tuesday, July 12th. Zacks Investment Research lowered Huntsman Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Finally, Citigroup Inc. increased their price objective on Huntsman Corp. from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $16.89.
The stock’s 50 day moving average is $16.33 and its 200 day moving average is $14.38. The firm has a market cap of $4.20 billion and a P/E ratio of 21.04.
Huntsman Corp. (NYSE:HUN) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.59 billion. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. On average, analysts predict that Huntsman Corp. will post $1.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.84%.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.