Huntsman Corporation (NYSE:HUN) Receives $10.23 Average Price Target from Analysts

by · The Markets Daily

Shares of Huntsman Corporation (NYSE:HUN – Get Free Report) have received a consensus rating of “Reduce” from the fourteen brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $10.2273.

HUN has been the subject of a number of research reports. Jefferies Financial Group reduced their price target on shares of Huntsman from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Bank of America reiterated an “underperform” rating and issued a $8.00 target price (down previously from $9.00) on shares of Huntsman in a research note on Tuesday, October 14th. KeyCorp restated a “sector weight” rating on shares of Huntsman in a research note on Monday, December 22nd. Citigroup upped their price target on Huntsman from $8.50 to $10.50 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Finally, Mizuho lifted their price objective on Huntsman from $7.00 to $8.00 and gave the stock an “underperform” rating in a report on Thursday, December 18th.

Get Our Latest Analysis on HUN

Huntsman Price Performance

Shares of NYSE:HUN opened at $10.03 on Monday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -5.28 and a beta of 0.68. The business has a 50 day moving average price of $9.37 and a 200 day moving average price of $9.90. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.54. Huntsman has a twelve month low of $7.30 and a twelve month high of $18.53.

Huntsman (NYSE:HUN – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. Research analysts predict that Huntsman will post 0.32 earnings per share for the current year.

Huntsman Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $0.0875 per share. The ex-dividend date was Monday, December 15th. This represents a $0.35 dividend on an annualized basis and a yield of 3.5%. Huntsman’s payout ratio is currently -18.42%.

Hedge Funds Weigh In On Huntsman

A number of hedge funds have recently made changes to their positions in the business. Strategic Advocates LLC acquired a new stake in shares of Huntsman during the 3rd quarter valued at about $27,000. SJS Investment Consulting Inc. acquired a new position in Huntsman in the third quarter worth about $33,000. IFP Advisors Inc lifted its stake in Huntsman by 197.6% during the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 2,431 shares during the period. GAMMA Investing LLC boosted its holdings in Huntsman by 104.9% during the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 2,015 shares in the last quarter. Finally, Byrne Asset Management LLC bought a new stake in shares of Huntsman in the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

About Huntsman

(Get Free Report)

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.

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