Huntsman Corporation (NYSE:HUN) Receives $13.58 Consensus Price Target from Analysts

Huntsman Corporation (NYSE:HUN) has received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.5833.

HUN has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on Huntsman from $11.00 to $15.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Royal Bank Of Canada increased their price target on Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, May 4th. Wells Fargo & Company raised their price objective on Huntsman from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $15.00 target price on shares of Huntsman in a research note on Tuesday, May 19th. Finally, Mizuho upgraded shares of Huntsman from an “underperform” rating to a “neutral” rating and increased their target price for the company from $10.00 to $14.00 in a report on Tuesday, June 16th.

Institutional Trading of Huntsman

A number of institutional investors and hedge funds have recently modified their holdings of the business. Strategic Advocates LLC purchased a new position in Huntsman in the third quarter worth $27,000. Advisory Services Network LLC purchased a new stake in shares of Huntsman during the 3rd quarter valued at $58,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Huntsman by 121.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 3,706 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Huntsman by 1,005.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after buying an additional 5,925 shares during the last quarter. Finally, Platinum Investment Management Ltd. purchased a new position in shares of Huntsman in the 4th quarter worth about $68,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Stock Performance

HUN opened at $11.44 on Monday. Huntsman has a 1-year low of $7.30 and a 1-year high of $16.08. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -5.96 and a beta of 0.64. The company’s fifty day moving average price is $13.94 and its two-hundred day moving average price is $12.59. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

Huntsman (NYSE:HUN) last posted its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.03. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted ($0.11) earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts expect that Huntsman will post -0.25 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.0875 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.35 annualized dividend and a dividend yield of 3.1%. Huntsman’s dividend payout ratio (DPR) is currently -18.23%.

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.