Huntsman Corporation (NYSE:HUN) Receives $11.00 Consensus Target Price from Brokerages

Shares of Huntsman Corporation (NYSE:HUN) have been assigned a consensus rating of “Reduce” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $12.4091.

HUN has been the topic of several research analyst reports. Citigroup increased their price objective on Huntsman from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday. Zacks Research upgraded Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. UBS Group raised their price target on Huntsman from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday. Mizuho lifted their price objective on Huntsman from $8.00 to $9.00 and gave the company an “underperform” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Huntsman in a report on Thursday, January 22nd.

Hedge Funds Weigh In On Huntsman

Large investors have recently bought and sold shares of the business. Strategic Advocates LLC bought a new stake in Huntsman during the 3rd quarter valued at $27,000. SJS Investment Consulting Inc. bought a new stake in Huntsman during the third quarter valued at about $33,000. GAMMA Investing LLC grew its stake in Huntsman by 104.9% in the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 2,015 shares during the last quarter. IFP Advisors Inc grew its stake in Huntsman by 197.6% in the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in Huntsman by 2,182.0% in the third quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 4,124 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Trading Down 0.9%

HUN stock opened at $12.47 on Tuesday. The company has a market capitalization of $2.17 billion, a PE ratio of -7.61 and a beta of 0.70. Huntsman has a 12 month low of $7.30 and a 12 month high of $18.08. The firm’s 50-day moving average is $11.58 and its 200 day moving average is $10.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 0.78.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Tuesday, February 17th. The basic materials company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.08). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Huntsman had a negative net margin of 5.00% and a negative return on equity of 3.97%. Huntsman’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the firm earned ($0.25) earnings per share. On average, research analysts anticipate that Huntsman will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.0875 per share. The ex-dividend date is Friday, March 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.8%. Huntsman’s dividend payout ratio (DPR) is currently -21.34%.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.