Huntsman (NYSE:HUN) Price Target Cut to $19.00 by Analysts at Citigroup

Huntsman (NYSE:HUN) had its price objective reduced by Citigroup from $22.00 to $19.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other equities research analysts have also issued reports on HUN. UBS Group cut their target price 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 upped their price objective on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company decreased their target price on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.14.

Huntsman Trading Up 2.1 %

Shares of HUN opened at $18.26 on Wednesday. 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 one year low of $17.67 and a one year high of $27.01. The stock has a 50-day moving average price of $20.61 and a 200 day moving average price of $21.91. The company has a market capitalization of $3.16 billion, a P/E ratio of -26.46 and a beta of 0.97.

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

Huntsman Announces Dividend

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

Insider Transactions at Huntsman

In related news, Director Mary C. Beckerle sold 20,201 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HUN. Matrix Trust Co acquired a new position in shares of Huntsman during the third quarter worth approximately $25,000. nVerses Capital LLC raised its stake in Huntsman by 1,250.0% during the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 2,500 shares in the last quarter. True Wealth Design LLC acquired a new position in Huntsman during the 3rd quarter worth $62,000. Innealta Capital LLC acquired a new position in Huntsman during the 2nd quarter worth $65,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Huntsman in the third quarter worth $78,000. Institutional investors own 84.81% of the company’s stock.

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.