Huntsman Co. (NYSE:HUN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Huntsman Co. (NYSE:HUN) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $23.75.

HUN has been the subject of a number of research reports. Mizuho decreased their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their target price on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company cut their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. UBS Group lowered their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, Citigroup reduced their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th.

Insider Buying and Selling

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Huntsman

Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Huntsman by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock worth $686,000 after buying an additional 674 shares during the last quarter. Seven Eight Capital LP raised its stake in shares of Huntsman by 3.3% in the 2nd quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company’s stock valued at $559,000 after acquiring an additional 795 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Huntsman by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock worth $951,000 after purchasing an additional 863 shares during the last quarter. Matrix Trust Co acquired a new stake in Huntsman in the 3rd quarter worth approximately $25,000. Finally, Shayne & Jacobs LLC grew its holdings in Huntsman by 1.2% during the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock valued at $2,282,000 after purchasing an additional 1,140 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Trading Down 1.9 %

NYSE:HUN opened at $16.20 on Monday. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of -23.48 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. Huntsman has a 1 year low of $15.95 and a 1 year high of $27.01. The business has a fifty day moving average of $18.98 and a 200-day moving average of $21.25.

Huntsman (NYSE:HUN) last released its earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. Huntsman’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. Equities analysts predict that Huntsman will post 0.09 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.17%. Huntsman’s dividend payout ratio is -144.93%.

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.