Analysts Set Huntsman Co. (NYSE:HUN) Target Price at $25.56

Shares of Huntsman Co. (NYSE:HUN) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $25.56.

A number of equities analysts have recently commented on HUN shares. Citigroup cut their target price on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada reduced their target price on shares of Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their price target on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Finally, UBS Group decreased their price objective on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th.

Huntsman Stock Performance

Shares of HUN opened at $21.96 on Tuesday. Huntsman has a 1 year low of $19.91 and a 1 year high of $27.01. The stock has a market capitalization of $3.80 billion, a PE ratio of -42.22 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30. The stock has a 50-day simple moving average of $21.95 and a 200-day simple moving average of $23.65.

Huntsman (NYSE:HUN) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. On average, analysts predict that Huntsman will post 0.2 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Friday, September 13th. Huntsman’s dividend payout ratio (DPR) is presently -192.31%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in shares of Huntsman during the 2nd quarter worth $464,000. Quarry LP lifted its position in Huntsman by 64.8% during the second quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock worth $83,000 after buying an additional 1,441 shares during the period. Systematic Financial Management LP boosted its stake in Huntsman by 4.0% in the 2nd quarter. Systematic Financial Management LP now owns 522,518 shares of the basic materials company’s stock worth $11,898,000 after buying an additional 20,261 shares during the last quarter. Algert Global LLC grew its holdings in Huntsman by 77.9% in the 2nd quarter. Algert Global LLC now owns 460,403 shares of the basic materials company’s stock valued at $10,483,000 after buying an additional 201,615 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Huntsman during the 2nd quarter valued at about $1,334,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

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.