Huntsman Corp. (NYSE:HUN) – Stock analysts at KeyCorp cut their FY2016 EPS estimates for Huntsman Corp. in a report released on Monday. KeyCorp analyst I. Marcuse now forecasts that the brokerage will post earnings per share of $1.55 for the year, down from their previous estimate of $1.75. KeyCorp also issued estimates for Huntsman Corp.’s FY2017 earnings at $1.70 EPS.

Huntsman Corp. (NYSE:HUN) last announced its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. Huntsman Corp. had a net margin of 2.05% and a return on equity of 26.60%. The firm earned $2.54 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the company posted $0.63 EPS. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis.

Several other research firms have also recently issued reports on HUN. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a research note on Monday, August 22nd. Zacks Investment Research cut Huntsman Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th. Citigroup Inc. increased their price target on Huntsman Corp. from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. Finally, Nomura reissued a “buy” rating on shares of Huntsman Corp. in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $17.22.

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Huntsman Corp. (NYSE:HUN) remained flat at $14.69 during mid-day trading on Tuesday. 1,844,298 shares of the stock were exchanged. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 17.53 and a beta of 2.71. The stock’s 50-day moving average is $16.33 and its 200-day moving average is $14.88. Huntsman Corp. has a 12-month low of $7.46 and a 12-month high of $18.12.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio is 59.52%.

Several large investors have recently made changes to their positions in HUN. Creative Planning increased its stake in shares of Huntsman Corp. by 2.5% in the second quarter. Creative Planning now owns 8,270 shares of the company’s stock valued at $111,000 after buying an additional 200 shares in the last quarter. Rational Advisors LLC bought a new stake in shares of Huntsman Corp. during the second quarter valued at approximately $125,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Huntsman Corp. during the first quarter valued at approximately $137,000. HighTower Advisors LLC bought a new stake in shares of Huntsman Corp. during the second quarter valued at approximately $142,000. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Huntsman Corp. during the first quarter valued at approximately $148,000. 67.33% of the stock is owned by institutional investors and hedge funds.

About Huntsman Corp.

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.

5 Day Chart for NYSE:HUN

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