Brokerages Set Huntsman Co. (NYSE:HUN) Target Price at $23.75

Shares of Huntsman Co. (NYSE:HUN) have been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $23.33.

A number of research firms have weighed in on HUN. Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday. Morgan Stanley cut their price target on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday. 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 research note on Tuesday, November 5th. Mizuho cut their target price on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada decreased their price target on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research note on Thursday, December 19th.

Insider Transactions at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Huntsman

Large investors have recently modified their holdings of the business. Matrix Trust Co purchased a new position in Huntsman during the third quarter valued at approximately $25,000. True Wealth Design LLC bought a new stake in Huntsman during the 3rd quarter valued at $62,000. Capital Performance Advisors LLP purchased a new position in shares of Huntsman in the 3rd quarter valued at $78,000. Quarry LP raised its position 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 acquiring an additional 1,441 shares in the last quarter. Finally, Rossmore Private Capital purchased a new stake in shares of Huntsman during the 3rd quarter worth $202,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Stock Up 3.4 %

Shares of NYSE HUN opened at $17.35 on Monday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -25.14 and a beta of 0.97. Huntsman has a 12-month low of $15.95 and a 12-month high of $27.01. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $18.73 and its 200-day moving average price is $21.13.

Huntsman (NYSE:HUN) last posted 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. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts anticipate that Huntsman will post 0.09 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 yield of 5.76%. The ex-dividend date of this dividend was Friday, December 13th. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

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.