Huntsman Corp. (HUN) Price Target Cut to $19.00 by Analysts at Nomura
Huntsman Corp. (NYSE:HUN) had its price target decreased by investment analysts at Nomura from $20.00 to $19.00 in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Nomura’s price target would indicate a potential upside of 29.34% from the company’s current price.
HUN has been the topic of several other reports. Zacks Investment Research raised shares of Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, July 7th. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a research report on Thursday, August 4th. Finally, Citigroup Inc. raised their price target on Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, July 15th. 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 stock has a consensus rating of “Buy” and a consensus target price of $17.44.
Shares of Huntsman Corp. (NYSE:HUN) traded down 0.41% during mid-day trading on Tuesday, reaching $14.63. The company’s stock had a trading volume of 2,227,882 shares. The stock has a market capitalization of $3.48 billion, a P/E ratio of 17.46 and a beta of 2.71. The company has a 50 day moving average price of $16.33 and a 200 day moving average price of $14.88. Huntsman Corp. has a 12 month low of $7.46 and a 12 month high of $18.12.
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Huntsman Corp. (NYSE:HUN) last posted its earnings results on Wednesday, July 27th. The company reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.59 billion. Huntsman Corp. had a net margin of 2.05% and a return on equity of 26.60%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. On average, equities research analysts anticipate that Huntsman Corp. will post $1.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio (DPR) is presently 59.52%.
A number of large investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in Huntsman Corp. by 2.5% in the second quarter. Creative Planning now owns 8,270 shares of the company’s stock worth $111,000 after buying an additional 200 shares during the period. Rational Advisors LLC acquired a new position in shares of Huntsman Corp. during the second quarter worth approximately $125,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Huntsman Corp. during the first quarter worth approximately $137,000. HighTower Advisors LLC acquired a new position in shares of Huntsman Corp. during the second quarter worth approximately $142,000. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Huntsman Corp. during the first quarter worth approximately $148,000. 67.33% of the stock is currently owned by institutional investors and hedge funds.
Huntsman Corp. Company Profile
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.
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