Analysts Set Huntsman Co. (NYSE:HUN) Price Target at $23.75

Huntsman Co. (NYSE:HUN) has received a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $23.33.

HUN has been the topic of a number of research analyst reports. UBS Group lowered their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Citigroup lowered their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Mizuho cut their target price on shares of 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 decreased their price target on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley dropped their price target on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th.

Insider Buying and Selling at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HUN. Millennium Management LLC raised its holdings in Huntsman by 5.2% during the second quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company’s stock valued at $111,389,000 after buying an additional 243,821 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of Huntsman by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock valued at $100,536,000 after acquiring an additional 1,547,344 shares in the last quarter. State Street Corp lifted its holdings in Huntsman by 2.2% in the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock worth $79,905,000 after purchasing an additional 70,382 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Huntsman by 1.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 3,055,267 shares of the basic materials company’s stock worth $73,937,000 after purchasing an additional 31,883 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Huntsman by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,583,522 shares of the basic materials company’s stock valued at $62,538,000 after purchasing an additional 40,330 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Stock Up 2.7 %

HUN stock opened at $17.88 on Monday. The firm’s 50-day moving average is $18.61 and its two-hundred day moving average is $21.05. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -25.91 and a beta of 0.97. Huntsman has a 52 week low of $15.95 and a 52 week high of $27.01.

Huntsman (NYSE:HUN) last released its 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. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts forecast that Huntsman will post 0.08 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.25 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.59%. Huntsman’s payout ratio is currently -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.