Huntsman Co. (NYSE:HUN) Receives $24.71 Consensus Price Target from Analysts

Huntsman Co. (NYSE:HUN) has received a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $24.14.

A number of analysts recently issued reports on the company. Royal Bank of Canada lowered their price target on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a report on Thursday. UBS Group reduced their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Citigroup lowered their price objective on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th.

Huntsman Price Performance

Shares of Huntsman stock opened at $18.26 on Thursday. The stock has a 50 day moving average price of $20.61 and a 200-day moving average price of $21.90. Huntsman has a one year low of $17.67 and a one year high of $27.01. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -26.46 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 (NYSE:HUN) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. Equities analysts expect that Huntsman will post 0.09 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman’s payout ratio is -144.93%.

Insider Transactions at Huntsman

In other 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 filing with the SEC, which is available at this hyperlink. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Huntsman

Several institutional investors have recently made changes to their positions in the company. 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 valued at $559,000 after buying an additional 795 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Huntsman by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock worth $951,000 after acquiring an additional 863 shares in the last quarter. Matrix Trust Co acquired a new stake in shares of Huntsman during the 3rd quarter valued at about $25,000. Shayne & Jacobs LLC increased its stake in shares of Huntsman by 1.2% in the 3rd 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 in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Huntsman by 14.4% in the 3rd quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company’s stock worth $224,000 after purchasing an additional 1,163 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

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.