Huntsman Corporation (HUN) Stock Rating Reaffirmed by KeyCorp
KeyCorp reaffirmed their buy rating on shares of Huntsman Corporation (NYSE:HUN) in a report published on Tuesday morning. The brokerage currently has a $34.00 target price on the basic materials company’s stock.
A number of other equities research analysts have also recently issued reports on HUN. Zacks Investment Research upgraded Huntsman Corporation from a sell rating to a hold rating in a research note on Monday, July 31st. BidaskClub cut Huntsman Corporation from a buy rating to a hold rating in a research note on Monday, July 31st. Jefferies Group LLC restated a buy rating and issued a $31.00 price objective on shares of Huntsman Corporation in a research note on Tuesday, July 25th. Wells Fargo & Company upgraded Huntsman Corporation from a market perform rating to an outperform rating and boosted their price objective for the company from $30.00 to $32.00 in a research note on Thursday, September 28th. Finally, Instinet restated a buy rating and issued a $30.00 price objective on shares of Huntsman Corporation in a research note on Sunday, July 9th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $30.60.
Huntsman Corporation (NYSE HUN) traded down 0.03% during mid-day trading on Tuesday, reaching $28.97. 2,348,056 shares of the company’s stock traded hands. The stock has a market cap of $6.95 billion, a P/E ratio of 16.42 and a beta of 2.79. Huntsman Corporation has a 12 month low of $16.02 and a 12 month high of $29.43. The company has a 50 day moving average price of $27.75 and a 200-day moving average price of $25.99.
Huntsman Corporation (NYSE:HUN) last released its earnings results on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the business posted $0.53 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Huntsman Corporation will post $2.33 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 14th. Huntsman Corporation’s dividend payout ratio is currently 28.41%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Mckinley Capital Management LLC Delaware bought a new stake in Huntsman Corporation in the second quarter valued at approximately $106,000. Harvest Fund Management Co. Ltd bought a new stake in Huntsman Corporation in the second quarter valued at approximately $109,000. SG Americas Securities LLC bought a new stake in Huntsman Corporation in the first quarter valued at approximately $122,000. Opera Trading Capital bought a new stake in Huntsman Corporation in the second quarter valued at approximately $129,000. Finally, Bronfman E.L. Rothschild L.P. lifted its position in Huntsman Corporation by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 24 shares during the last quarter. 75.11% of the stock is owned by institutional investors and hedge funds.
Huntsman Corporation 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). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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