Huntsman Co. (NYSE:HUN) Receives $25.75 Average Target Price from Analysts

Huntsman Co. (NYSE:HUN) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $25.75.

A number of research firms have recently commented on HUN. Wells Fargo & Company dropped their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. UBS Group dropped their price target 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. Royal Bank of Canada increased their target price on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th.

Insider Buying and Selling at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Huntsman

Hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co purchased a new position in shares of Huntsman during the 2nd quarter worth approximately $2,180,000. AQR Capital Management LLC grew its holdings in Huntsman by 383.0% during the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after acquiring an additional 1,124,113 shares during the period. Boston Partners purchased a new position in Huntsman in the first quarter worth $793,000. First Eagle Investment Management LLC lifted its holdings in Huntsman by 14.2% in the second quarter. First Eagle Investment Management LLC now owns 654,064 shares of the basic materials company’s stock valued at $14,893,000 after acquiring an additional 81,109 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Huntsman by 97.2% during the 2nd quarter. Acadian Asset Management LLC now owns 413,104 shares of the basic materials company’s stock worth $9,403,000 after purchasing an additional 203,662 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Trading Down 2.6 %

HUN opened at $19.43 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -28.19 and a beta of 1.02. The business has a fifty day moving average price of $22.21 and a 200 day moving average price of $22.61. Huntsman has a 12 month low of $19.11 and a 12 month high of $27.01.

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

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 5.15%. Huntsman’s dividend payout ratio (DPR) 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.