Huntsman Corp. (HUN) Downgraded by Zacks Investment Research
Huntsman Corp. (NYSE:HUN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Huntsman Corporation is among the world’s largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. “
Other analysts also recently issued research reports about the stock. Jefferies Group reaffirmed a “buy” rating on shares of Huntsman Corp. in a report on Thursday, August 4th. Citigroup Inc. lifted 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. Finally, Nomura lowered their target price on shares of Huntsman Corp. from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.43.
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Huntsman Corp. (NYSE:HUN) traded up 0.77% during mid-day trading on Tuesday, reaching $15.78. 2,023,517 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $15.99 and its 200 day moving average is $15.35. Huntsman Corp. has a 1-year low of $7.46 and a 1-year high of $18.12. The stock has a market capitalization of $3.76 billion, a PE ratio of 18.83 and a beta of 2.65.
Huntsman Corp. (NYSE:HUN) last issued its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Analysts forecast that Huntsman Corp. will post $1.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio (DPR) is presently 59.52%.
Hedge funds have recently made changes to their positions in the stock. Aperio Group LLC increased its stake in shares of Huntsman Corp. by 16.6% in the first quarter. Aperio Group LLC now owns 105,008 shares of the company’s stock valued at $1,397,000 after buying an additional 14,939 shares during the period. Ngam Advisors L.P. acquired a new stake in shares of Huntsman Corp. during the first quarter valued at about $231,000. TIAA CREF Investment Management LLC increased its stake in shares of 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. Teachers Advisors Inc. increased its stake in shares of Huntsman Corp. by 39.4% in the first quarter. Teachers Advisors Inc. now owns 393,853 shares of the company’s stock valued at $5,238,000 after buying an additional 111,283 shares during the period. Finally, BlackRock Group LTD increased its stake in shares of Huntsman Corp. by 32.8% in the first quarter. BlackRock Group LTD now owns 257,136 shares of the company’s stock valued at $3,421,000 after buying an additional 63,485 shares during the period. 67.23% of the stock is currently owned by 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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