Huntsman Corp. (NYSE:HUN) Given Average Rating of “Buy” by Brokerages
Shares of Huntsman Corp. (NYSE:HUN) have received a consensus recommendation of “Buy” from the eight analysts that are covering the company. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $17.60.
A number of analysts recently issued reports on the company. Zacks Investment Research cut Huntsman Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a research report on Monday, August 22nd. Nomura decreased their target price on Huntsman Corp. from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, September 20th. Finally, Citigroup Inc. upped their target price on Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, July 15th.
Shares of Huntsman Corp. (NYSE:HUN) traded down 0.505% on Monday, hitting $16.755. The stock had a trading volume of 2,108,659 shares. Huntsman Corp. has a 52-week low of $7.46 and a 52-week high of $18.12. The firm’s 50-day moving average price is $16.20 and its 200 day moving average price is $15.19. The firm has a market cap of $3.99 billion, a PE ratio of 19.994 and a beta of 2.65.
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Huntsman Corp. (NYSE:HUN) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The business earned $2.54 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 EPS. On average, equities research analysts predict that Huntsman Corp. will post $1.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.97%. The ex-dividend date was Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio is presently 59.52%.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Huntsman Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 15,728,178 shares of the company’s stock valued at $211,544,000 after buying an additional 487,666 shares in the last quarter. Scopia Capital Management LP increased its position in shares of 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 during the period. LSV Asset Management increased its position in shares of Huntsman Corp. by 5.9% in the second quarter. LSV Asset Management now owns 9,925,708 shares of the company’s stock worth $133,500,000 after buying an additional 548,633 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Huntsman Corp. by 21.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,664,012 shares of the company’s stock worth $76,183,000 after buying an additional 996,648 shares during the period. Finally, BlackRock Fund Advisors increased its position in shares of Huntsman Corp. by 7.2% in the second quarter. BlackRock Fund Advisors now owns 5,660,286 shares of the company’s stock worth $76,131,000 after buying an additional 381,874 shares during the period. 67.25% of the stock is owned by hedge funds and other institutional investors.
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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