Huntsman Co. (HUN) Given Average Recommendation of “Buy” by Brokerages
Huntsman Co. (NYSE:HUN) has received an average rating of “Buy” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $33.45.
HUN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Huntsman from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, October 11th. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman in a research report on Monday, October 2nd. KeyCorp reiterated a “buy” rating and issued a $34.00 price target on shares of Huntsman in a research report on Tuesday, October 17th. Nomura increased their price target on Huntsman to $40.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, ValuEngine lowered Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th.
In other Huntsman news, CEO Anthony P. Hankins sold 100,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $33.24, for a total transaction of $3,324,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary C. Beckerle sold 4,507 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $30.76, for a total value of $138,635.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,210,738 shares of company stock valued at $561,179,159 over the last 90 days. Corporate insiders own 19.00% of the company’s stock.
Huntsman (NYSE:HUN) traded up $0.12 during trading hours on Friday, hitting $34.28. The company had a trading volume of 2,182,700 shares, compared to its average volume of 2,303,658. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52. Huntsman has a fifty-two week low of $19.56 and a fifty-two week high of $35.00. The firm has a market cap of $8,350.00, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.70 and a beta of 2.84.
Huntsman (NYSE:HUN) last released its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. Huntsman had a return on equity of 30.64% and a net margin of 5.37%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the company posted $0.38 EPS. Huntsman’s revenue for the quarter was up 18.5% on a year-over-year basis. analysts anticipate that Huntsman will post 2.74 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. Huntsman’s payout ratio is presently 29.07%.
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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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