Wells Fargo & Company Cuts Huntsman (NYSE:HUN) Price Target to $25.00

Huntsman (NYSE:HUN) had its target price decreased by Wells Fargo & Company from $26.00 to $25.00 in a research report released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the basic materials company’s stock.

Several other equities analysts also recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. UBS Group decreased their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.75.

Huntsman Price Performance

Shares of HUN stock traded up $0.31 during mid-day trading on Wednesday, reaching $21.19. The stock had a trading volume of 667,206 shares, compared to its average volume of 1,892,520. The company has a market cap of $3.67 billion, a P/E ratio of -30.26 and a beta of 1.02. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. Huntsman has a 12-month low of $19.90 and a 12-month high of $27.01. The business has a 50-day simple moving average of $22.72 and a 200 day simple moving average of $23.04.

Huntsman (NYSE:HUN) last issued its quarterly earnings data 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 net margin of 1.99% and a negative return on equity of 0.03%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the company posted $0.15 EPS. The company’s revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Huntsman will post 0.19 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 4.72%. Huntsman’s payout ratio is -144.93%.

Institutional Investors Weigh In On Huntsman

Several large investors have recently made changes to their positions in HUN. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Huntsman by 25.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 76,812 shares of the basic materials company’s stock valued at $1,999,000 after purchasing an additional 15,379 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Huntsman by 30.6% during the 1st quarter. BNP Paribas Financial Markets now owns 202,564 shares of the basic materials company’s stock worth $5,273,000 after buying an additional 47,449 shares during the period. Fidelis Capital Partners LLC acquired a new position in Huntsman in the 1st quarter worth $45,000. Quantbot Technologies LP grew its stake in shares of Huntsman by 0.4% during the first quarter. Quantbot Technologies LP now owns 185,005 shares of the basic materials company’s stock valued at $4,816,000 after acquiring an additional 693 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Huntsman in the first quarter worth about $10,523,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

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.