Huntsman Corp. (HUN) Trading 3% Higher
Huntsman Corp. (NYSE:HUN) traded up 3% on Friday . The company traded as high as $17.79 and last traded at $17.69, with a volume of 1,148,207 shares changing hands. The stock had previously closed at $17.17.
A number of equities research analysts recently weighed in on the stock. Nomura reaffirmed a “buy” rating on shares of Huntsman Corp. in a research report on Tuesday, July 12th. Zacks Investment Research raised shares of Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday, July 7th. 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 reaffirmed a “buy” rating on shares of Huntsman Corp. in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Huntsman Corp. presently has a consensus rating of “Buy” and a consensus price target of $16.89.
The company has a market capitalization of $4.20 billion and a P/E ratio of 21.04. The firm has a 50 day moving average price of $16.35 and a 200 day moving average price of $14.38.
Huntsman Corp. (NYSE:HUN) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. The company earned $2.54 billion during the quarter, compared to the consensus estimate of $2.59 billion. Huntsman Corp.’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. On average, equities research analysts anticipate that Huntsman Corp. will post $1.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend 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.
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