Huntsman (NYSE:HUN) Price Target Cut to $19.00 by Analysts at The Goldman Sachs Group

Huntsman (NYSE:HUN) had its target price cut by The Goldman Sachs Group from $22.00 to $19.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a sell rating on the basic materials company’s stock.

Other analysts have also recently issued reports about the company. UBS Group reduced their price objective on 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 lifted their price objective on Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company reduced their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Finally, Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Huntsman currently has an average rating of “Hold” and a consensus target price of $20.50.

Huntsman Stock Performance

NYSE HUN opened at $17.48 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. The company has a market cap of $3.02 billion, a P/E ratio of -15.89 and a beta of 0.95. The stock has a 50-day moving average of $17.20 and a two-hundred day moving average of $19.92. Huntsman has a 1-year low of $15.46 and a 1-year high of $27.01.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. As a group, analysts anticipate that Huntsman will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 5.72%. Huntsman’s dividend payout ratio is presently -90.91%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. R Squared Ltd acquired a new position in Huntsman in the fourth quarter valued at $40,000. Quadrant Capital Group LLC boosted its position in shares of Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 956 shares during the period. True Wealth Design LLC purchased a new position in Huntsman during the 3rd quarter worth approximately $62,000. Capital Performance Advisors LLP acquired a new position in Huntsman during the third quarter worth approximately $78,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Huntsman in the fourth quarter valued at approximately $60,000. 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.