Brokerages Set Huntsman Co. (NYSE:HUN) PT at $25.75

Shares of Huntsman Co. (NYSE:HUN) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $25.75.

Several equities analysts have commented on HUN shares. JPMorgan Chase & Co. lowered their target price on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. UBS Group lowered their target price on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Royal Bank of Canada increased their target price on shares of Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company lowered their target price on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th.

Institutional Investors Weigh In On Huntsman

A number of institutional investors have recently added to or reduced their stakes in the company. Butensky & Cohen Financial Security Inc. grew its position in Huntsman by 0.3% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company’s stock worth $3,474,000 after buying an additional 483 shares in the last quarter. William Blair Investment Management LLC grew its position in Huntsman by 4.0% during the first quarter. William Blair Investment Management LLC now owns 17,131 shares of the basic materials company’s stock worth $446,000 after buying an additional 653 shares in the last quarter. Quantbot Technologies LP grew its position in Huntsman by 0.4% during the first quarter. Quantbot Technologies LP now owns 185,005 shares of the basic materials company’s stock worth $4,816,000 after buying an additional 693 shares in the last quarter. Seven Eight Capital LP grew its position in Huntsman by 3.3% during the second quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company’s stock worth $559,000 after buying an additional 795 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Huntsman by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock worth $951,000 after buying an additional 863 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Price Performance

Shares of NYSE:HUN opened at $21.83 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. Huntsman has a 1 year low of $19.91 and a 1 year high of $27.01. The business has a fifty day simple moving average of $22.77 and a 200 day simple moving average of $23.12. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -43.96 and a beta of 1.00.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, sell-side analysts predict that Huntsman will post 0.19 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Friday, September 13th. Huntsman’s dividend payout ratio is currently -200.00%.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.