Huntsman Corp. (HUN) PT Lowered to $19.00 at Nomura
A number of other brokerages also recently commented on HUN. Zacks Investment Research downgraded Huntsman Corp. from a buy rating to a hold rating in a report on Wednesday, July 6th. Citigroup Inc. increased their price target on Huntsman Corp. from $16.00 to $17.00 and gave the company a neutral rating in a report on Friday, July 15th. Finally, Jefferies Group reissued a buy rating and issued a $20.00 price target on shares of Huntsman Corp. in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $17.44.
Huntsman Corp. (NYSE:HUN) opened at 15.82 on Tuesday. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 18.88 and a beta of 2.71. Huntsman Corp. has a 12-month low of $7.46 and a 12-month high of $18.12. The stock has a 50 day moving average price of $16.34 and a 200-day moving average price of $14.91.
Huntsman Corp. (NYSE:HUN) last posted its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The business earned $2.54 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities analysts forecast that Huntsman Corp. will post $1.68 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio (DPR) is 59.52%.
Several hedge funds have recently made changes to their positions in the company. Synovus Financial Corp increased its stake in shares of Huntsman Corp. by 0.4% in the second quarter. Synovus Financial Corp now owns 12,693 shares of the company’s stock valued at $174,000 after buying an additional 52 shares during the period. Comerica Bank increased its stake in shares of Huntsman Corp. by 0.4% in the second quarter. Comerica Bank now owns 48,078 shares of the company’s stock valued at $787,000 after buying an additional 183 shares during the period. Creative Planning increased its stake in shares of Huntsman Corp. by 2.5% in the second quarter. Creative Planning now owns 8,270 shares of the company’s stock valued at $111,000 after buying an additional 200 shares during the period. Janus Capital Management LLC increased its stake in shares of Huntsman Corp. by 1.8% in the second quarter. Janus Capital Management LLC now owns 11,400 shares of the company’s stock valued at $153,000 after buying an additional 200 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Huntsman Corp. by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 91,970 shares of the company’s stock valued at $1,223,000 after buying an additional 1,238 shares during the period. 67.25% of the stock is currently owned by institutional investors and hedge funds.
Huntsman Corp. 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). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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