Huntsman Corp. (NYSE:HUN) – Research analysts at Jefferies Group reduced their Q3 2016 earnings estimates for shares of Huntsman Corp. in a research note issued to investors on Tuesday. Jefferies Group analyst L. Alexander now expects that the firm will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.32. Jefferies Group has a “Buy” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for Huntsman Corp.’s FY2016 earnings at $1.60 EPS.

HUN has been the subject of several other reports. Nomura reduced their price objective on Huntsman Corp. from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday. 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 Thursday, July 7th. Finally, Citigroup Inc. increased 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 analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $17.44.

Shares of Huntsman Corp. (NYSE:HUN) traded up 4.839% during trading on Wednesday, hitting $15.275. The company’s stock had a trading volume of 4,563,881 shares. The company has a market capitalization of $3.64 billion, a P/E ratio of 18.228 and a beta of 2.71. The firm’s 50 day moving average is $16.31 and its 200-day moving average is $14.90. Huntsman Corp. has a 1-year low of $7.46 and a 1-year high of $18.12.

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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 the Zacks’ consensus estimate of $0.53. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the company posted $0.63 EPS. Huntsman Corp.’s quarterly revenue was down 7.2% on a year-over-year basis.

Several hedge funds and other institutional investors have recently modified their holdings of HUN. Creative Planning raised 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 stake in Huntsman Corp. during the second quarter worth about $125,000. OMERS ADMINISTRATION Corp acquired a new stake in Huntsman Corp. during the first quarter worth about $137,000. HighTower Advisors LLC acquired a new stake in Huntsman Corp. during the second quarter worth about $142,000. Finally, Loomis Sayles & Co. L P acquired a new stake in Huntsman Corp. during the first quarter worth about $148,000. 67.25% of the stock is currently owned by institutional investors and hedge funds.

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 issued 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 of this dividend is Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio is 59.52%.

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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