Nomura Lowers Huntsman Corp. (HUN) Price Target to $19.00
Huntsman Corp. (NYSE:HUN) had its target price dropped by Nomura from $20.00 to $19.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Nomura’s target price would indicate a potential upside of 29.34% from the stock’s current price.
Several other equities analysts have also commented on HUN. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a report on Monday, August 22nd. Zacks Investment Research lowered shares of Huntsman Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Finally, Citigroup Inc. raised their target price on shares of Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.44.
Shares of Huntsman Corp. (NYSE:HUN) traded down 0.54% during trading on Tuesday, reaching $14.61. 2,179,583 shares of the company traded hands. Huntsman Corp. has a 12-month low of $7.46 and a 12-month high of $18.12. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 17.43 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.
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Huntsman Corp. (NYSE:HUN) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. Huntsman Corp. had a net margin of 2.05% and a return on equity of 26.60%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the firm earned $0.63 earnings per share. Huntsman Corp.’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities analysts predict that Huntsman Corp. will post $1.74 EPS for the current year.
The firm 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. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.50 annualized dividend and a yield of 3.40%. Huntsman Corp.’s dividend payout ratio is presently 59.52%.
A number of large investors have recently bought and sold shares of the company. Synovus Financial Corp increased its stake in Huntsman Corp. by 0.4% in the second quarter. Synovus Financial Corp now owns 12,693 shares of the company’s stock valued at $174,000 after buying an additional 52 shares in the last quarter. Comerica Bank increased its stake in Huntsman Corp. by 0.4% in the second quarter. Comerica Bank now owns 48,078 shares of the company’s stock valued at $787,000 after buying an additional 183 shares in the last quarter. 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 valued at $111,000 after buying an additional 200 shares in the last quarter. Janus Capital Management LLC increased its stake in Huntsman Corp. by 1.8% in the second quarter. Janus Capital Management LLC now owns 11,400 shares of the company’s stock valued at $153,000 after buying an additional 200 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Huntsman Corp. by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 91,970 shares of the company’s stock valued at $1,223,000 after buying an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 67.33% of the company’s stock.
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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