Brokerages Set Huntsman Corp. (HUN) Price Target at $17.60
Shares of Huntsman Corp. (NYSE:HUN) have been given an average rating of “Buy” by the eight brokerages that are presently covering the stock. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $17.60.
A number of equities analysts have issued reports on HUN shares. Zacks Investment Research upgraded shares of Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, July 1st. Nomura reissued a “buy” rating on shares of Huntsman Corp. in a research report on Tuesday, July 12th. Citigroup Inc. boosted their price objective on shares of Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, July 15th. Finally, Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a research report on Thursday, August 4th.
Institutional investors have recently modified their holdings of the company. Scopia Capital Management LP raised its position in shares of Huntsman Corp. by 39.7% in the first quarter. Scopia Capital Management LP now owns 14,807,467 shares of the company’s stock valued at $196,939,000 after buying an additional 4,210,142 shares during the period. BlackRock Fund Advisors raised its position in shares of Huntsman Corp. by 151.1% in the first quarter. BlackRock Fund Advisors now owns 5,278,412 shares of the company’s stock valued at $70,203,000 after buying an additional 3,176,013 shares during the period. JPMorgan Chase & Co. raised its position in shares of Huntsman Corp. by 663.6% in the first quarter. JPMorgan Chase & Co. now owns 2,520,325 shares of the company’s stock valued at $33,520,000 after buying an additional 2,190,251 shares during the period. Strs Ohio bought a new position in shares of Huntsman Corp. during the second quarter valued at approximately $24,210,000. Finally, Victory Capital Management Inc. raised its position in shares of Huntsman Corp. by 277.1% in the second quarter. Victory Capital Management Inc. now owns 1,808,933 shares of the company’s stock valued at $24,330,000 after buying an additional 1,329,199 shares during the period. 67.25% of the stock is owned by hedge funds and other institutional investors.
Huntsman Corp. (NYSE:HUN) opened at 15.88 on Monday. Huntsman Corp. has a 12 month low of $7.46 and a 12 month high of $18.12. The firm has a 50-day moving average of $16.08 and a 200 day moving average of $15.29. The stock has a market cap of $3.78 billion, a PE ratio of 18.95 and a beta of 2.65.
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 analysts’ consensus estimates of $0.53. The company earned $2.54 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Huntsman Corp. had a net margin of 2.05% and a return on equity of 26.60%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. Analysts anticipate that Huntsman Corp. will post $1.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio is presently 59.52%.
About Huntsman Corp.
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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