Shares of Huntsman Co. (NYSE:HUN – Get Free Report) have received an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $25.56.
A number of research analysts recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. Citigroup reduced their target price on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. JPMorgan Chase & Co. lowered their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company reduced their price objective on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, UBS Group lowered their price objective on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th.
Read Our Latest Stock Report on Huntsman
Institutional Investors Weigh In On Huntsman
Huntsman Stock Up 1.6 %
HUN opened at $21.63 on Tuesday. The company has a market capitalization of $3.74 billion, a PE ratio of -41.60 and a beta of 1.00. The firm has a 50-day simple moving average of $21.96 and a two-hundred day simple moving average of $23.71. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. Huntsman has a 52 week low of $19.91 and a 52 week high of $27.01.
Huntsman (NYSE:HUN – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Analysts forecast that Huntsman will post 0.2 earnings per share for the current fiscal year.
Huntsman Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.62%. Huntsman’s dividend payout ratio is -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.
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