Analysts Set Huntsman Co. (NYSE:HUN) Price Target at $27.20

Huntsman Co. (NYSE:HUN) has earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $27.00.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada upped their price target on Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, May 7th. The Goldman Sachs Group lifted their price target on shares of Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a research note on Tuesday, March 5th. Citigroup decreased their price objective on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $22.00 to $27.00 in a research report on Friday, June 7th.

Hedge Funds Weigh In On Huntsman

Several institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in shares of Huntsman by 93.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 521 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Huntsman in the 4th quarter valued at approximately $36,000. Montag A & Associates Inc. acquired a new position in Huntsman during the 4th quarter worth approximately $45,000. Fidelis Capital Partners LLC purchased a new position in shares of Huntsman during the 1st quarter worth approximately $45,000. Finally, Quarry LP acquired a new stake in shares of Huntsman in the 4th quarter valued at approximately $52,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Stock Up 0.2 %

Shares of Huntsman stock opened at $22.77 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49. Huntsman has a 52-week low of $22.14 and a 52-week high of $29.90. The company has a market capitalization of $3.94 billion, a P/E ratio of -43.79 and a beta of 1.07. The company has a 50 day moving average of $24.20 and a 200 day moving average of $24.66.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the company earned $0.20 EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, research analysts forecast that Huntsman will post 0.4 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, June 14th. Huntsman’s dividend payout ratio is presently -192.31%.

Huntsman Company Profile

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.