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

Shares of Huntsman Co. (NYSE:HUN) have received an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $25.56.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada cut 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. Citigroup reduced 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. JPMorgan Chase & Co. lowered their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company reduced their price objective on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, UBS Group lowered their price objective on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th.

Institutional Investors Weigh In On Huntsman

A number of institutional investors and hedge funds have recently modified their holdings of HUN. 1832 Asset Management L.P. boosted its stake in shares of Huntsman by 753.2% during the first quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock valued at $74,652,000 after purchasing an additional 2,531,800 shares during the period. Norges Bank purchased a new stake in Huntsman in the 4th quarter valued at about $43,761,000. Wellington Management Group LLP boosted its position in Huntsman by 75.9% in the 4th quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock valued at $79,198,000 after buying an additional 1,359,437 shares during the period. AQR Capital Management LLC increased its position in shares of Huntsman by 383.0% during the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after acquiring an additional 1,124,113 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Huntsman by 52.4% during the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock worth $53,701,000 after acquiring an additional 811,099 shares during the period. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Up 1.6 %

HUN opened at $21.63 on Tuesday. The company has a market capitalization of $3.74 billion, a PE ratio of -41.60 and a beta of 1.00. The firm has a 50-day simple moving average of $21.96 and a two-hundred day simple moving average of $23.71. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. Huntsman has a 52 week low of $19.91 and a 52 week high of $27.01.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company earned $0.22 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Analysts forecast that Huntsman will post 0.2 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.62%. Huntsman’s dividend payout ratio is -192.31%.

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.