Huntsman Corp. (NYSE:HUN)’s share price rose 5.5% on Wednesday . The company traded as high as $15.86 and last traded at $15.37, with a volume of 5,089,502 shares traded. The stock had previously closed at $14.57.

HUN has been the subject of a number of recent analyst reports. Zacks Investment Research raised Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday, July 1st. Jefferies Group reaffirmed a “buy” rating on shares of Huntsman Corp. in a research note on Thursday, August 4th. Nomura reaffirmed a “buy” rating on shares of Huntsman Corp. in a research note on Tuesday, July 12th. Finally, Citigroup Inc. upped their price objective on Huntsman Corp. from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $17.44.

The stock’s 50 day moving average is $16.31 and its 200-day moving average is $14.89. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 18.68 and a beta of 2.71.

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Huntsman Corp. (NYSE:HUN) last announced its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.59 billion. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 earnings per share. On average, equities research analysts predict that Huntsman Corp. will post $1.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders 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 dividend yield of 3.43%. The ex-dividend date is Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio is currently 59.52%.

Hedge funds have recently bought and sold shares of the company. Scopia Capital Management LP raised its stake in Huntsman Corp. by 39.7% in the first quarter. Scopia Capital Management LP now owns 14,807,467 shares of the company’s stock worth $196,939,000 after buying an additional 4,210,142 shares in the last quarter. BlackRock Fund Advisors raised its position in Huntsman Corp. by 151.1% in the first quarter. BlackRock Fund Advisors now owns 5,278,412 shares of the company’s stock valued at $70,203,000 after buying an additional 3,176,013 shares during the period. Loomis Sayles & Co. L P acquired a new position in Huntsman Corp. during the first quarter valued at approximately $148,000. TIAA CREF Investment Management LLC raised its position in Huntsman Corp. by 35.9% in the first quarter. TIAA CREF Investment Management LLC now owns 684,436 shares of the company’s stock valued at $9,103,000 after buying an additional 180,705 shares during the period. Finally, Ngam Advisors L.P. acquired a new position in Huntsman Corp. during the first quarter valued at approximately $231,000. 67.25% 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.

5 Day Chart for NYSE:HUN

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