Huntsman Corporation (NYSE:HUN) Stock Has Consensus Target Price of $12.23 According to Analysts

Shares of Huntsman Corporation (NYSE:HUN) have been assigned an average rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $11.69.

A number of research analysts have weighed in on the stock. Mizuho dropped their price objective on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Bank of America boosted their target price on shares of Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Citigroup lowered their target price on shares of Huntsman from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday. UBS Group cut their price target on Huntsman from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada decreased their price objective on Huntsman from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 3rd.

Insider Buying and Selling

In related news, CEO Peter R. Huntsman acquired 100,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the purchase, the chief executive officer owned 7,256,341 shares in the company, valued at approximately $71,184,705.21. The trade was a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Trading of Huntsman

Several institutional investors have recently made changes to their positions in HUN. Versant Capital Management Inc lifted its holdings in Huntsman by 174.6% during the third quarter. Versant Capital Management Inc now owns 7,338 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 4,666 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Huntsman in the second quarter worth about $906,000. Nykredit A S bought a new stake in shares of Huntsman in the second quarter valued at approximately $32,000. Corient Private Wealth LP lifted its stake in shares of Huntsman by 18.4% during the 2nd quarter. Corient Private Wealth LP now owns 67,330 shares of the basic materials company’s stock valued at $715,000 after buying an additional 10,485 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Huntsman during the 2nd quarter valued at approximately $672,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

HUN stock opened at $8.54 on Wednesday. The stock has a market capitalization of $1.50 billion, a PE ratio of -8.21 and a beta of 0.80. The company’s 50-day moving average is $9.74 and its 200-day moving average is $11.92. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.78. Huntsman has a 1 year low of $7.30 and a 1 year high of $16.08.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $0.0875 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.35 annualized dividend and a yield of 4.1%. Huntsman’s dividend payout ratio is -33.65%.

About Huntsman

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company serves customers in industries including construction, automotive, aerospace, energy, electronics, coatings, adhesives, and consumer products.

Huntsman’s product portfolio includes polyurethane chemicals such as methylene diphenyl diisocyanate, or MDI, and polyols; performance chemicals including amines and maleic anhydride; and advanced materials such as epoxy-based formulations, adhesives, and composite materials.