Huntsman Corp. (HUN) Stock Price Down 3.3%
Huntsman Corp. (NYSE:HUN) shares traded down 3.3% during mid-day trading on Wednesday . The company traded as low as $17.03 and last traded at $17.18, with a volume of 1,313,726 shares trading hands. The stock had previously closed at $17.77.
A number of research analysts have issued reports on the company. Jefferies Group restated a “buy” rating on shares of Huntsman Corp. in a research note on Thursday, August 4th. Citigroup Inc. upped their price objective on Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. Zacks Investment Research upgraded Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday, July 1st. Finally, Nomura restated a “buy” rating on shares of Huntsman Corp. in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $16.89.
The company has a market capitalization of $4.22 billion and a price-to-earnings ratio of 21.163. The company has a 50-day moving average of $16.33 and a 200 day moving average of $14.38.
Huntsman Corp. (NYSE:HUN) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. During the same quarter in the previous year, the firm posted $0.63 EPS. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.59 billion. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Analysts expect that Huntsman Corp. will post $1.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Tuesday, September 13th.
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.