Mizuho Cuts Huntsman (NYSE:HUN) Price Target to $21.00

Huntsman (NYSE:HUN) had its price objective reduced by Mizuho from $23.00 to $21.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other research analysts also recently weighed in on the company. Citigroup cut their price objective on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company dropped their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. UBS Group decreased their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Royal Bank of Canada dropped their target price on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.75.

Huntsman Price Performance

Shares of HUN opened at $16.50 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. The firm has a market cap of $2.85 billion, a PE ratio of -23.91 and a beta of 0.97. The firm’s 50 day moving average price is $19.21 and its 200 day moving average price is $21.35. Huntsman has a twelve month low of $16.48 and a twelve month high of $27.01.

Huntsman (NYSE:HUN) last released its quarterly earnings data 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 net margin of 1.99% and a negative return on equity of 0.03%. Huntsman’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. As a group, research analysts expect that Huntsman will post 0.09 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend was Friday, December 13th. Huntsman’s dividend payout ratio is currently -144.93%.

Insider Buying and Selling

In related news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Huntsman

Hedge funds have recently made changes to their positions in the business. Matrix Trust Co bought a new stake in Huntsman in the third quarter valued at about $25,000. True Wealth Design LLC acquired a new stake in Huntsman during the third quarter valued at approximately $62,000. Capital Performance Advisors LLP bought a new stake in shares of Huntsman in the 3rd quarter valued at approximately $78,000. Quarry LP raised its holdings in shares of Huntsman by 64.8% in the 2nd 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 in the last quarter. Finally, Rossmore Private Capital acquired a new stake in Huntsman in the 3rd quarter valued at $202,000. Institutional investors and hedge funds 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.