Huntsman Corporation (NYSE:HUN) Receives $12.41 Average Price Target from Analysts

Huntsman Corporation (NYSE:HUN) has been assigned an average rating of “Reduce” from the fourteen analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.4091.

A number of analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Huntsman from $9.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. KeyCorp restated a “sector weight” rating on shares of Huntsman in a report on Monday, December 22nd. Citigroup lifted their target price on Huntsman from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Huntsman in a report on Thursday, January 22nd. Finally, 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, February 19th.

Institutional Investors Weigh In On Huntsman

Large investors have recently modified their holdings of the business. Entropy Technologies LP lifted its holdings in Huntsman by 453.9% during the second quarter. Entropy Technologies LP now owns 107,649 shares of the basic materials company’s stock worth $1,122,000 after buying an additional 88,215 shares during the period. Impala Asset Management LLC increased its holdings in shares of Huntsman by 49.8% in the 3rd quarter. Impala Asset Management LLC now owns 1,731,000 shares of the basic materials company’s stock valued at $15,544,000 after acquiring an additional 575,800 shares during the period. Evergreen Capital Management LLC purchased a new position in shares of Huntsman in the 3rd quarter valued at $799,000. Regents Gate Capital LLP raised its position in shares of Huntsman by 117.7% in the 3rd quarter. Regents Gate Capital LLP now owns 463,137 shares of the basic materials company’s stock worth $4,159,000 after acquiring an additional 250,389 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of Huntsman by 657.9% during the 2nd quarter. Boston Partners now owns 982,508 shares of the basic materials company’s stock worth $10,102,000 after purchasing an additional 852,877 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Stock Down 1.9%

Shares of HUN opened at $11.81 on Friday. The firm has a fifty day moving average price of $12.24 and a 200-day moving average price of $10.47. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $2.05 billion, a P/E ratio of -7.20 and a beta of 0.66. Huntsman has a 12-month low of $7.30 and a 12-month high of $17.88.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, February 17th. The basic materials company reported ($0.37) 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 return on equity of 3.97% and a negative net margin of 5.00%.The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.25) EPS. Equities research analysts expect that Huntsman will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, March 13th. Huntsman’s dividend payout ratio is presently -21.34%.

About Huntsman

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.