Huntsman Corporation (HUN) Receives Average Recommendation of “Buy” from Analysts
Huntsman Corporation (NYSE:HUN) has received a consensus recommendation of “Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $29.00.
A number of analysts have recently weighed in on HUN shares. ValuEngine upgraded shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. KeyCorp reaffirmed a “buy” rating and set a $34.00 target price on shares of Huntsman Corporation in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Huntsman Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $29.00 target price on shares of Huntsman Corporation in a research note on Friday, July 14th. Finally, BidaskClub raised shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th.
In other news, VP Randy W. Wright sold 56,675 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $25.76, for a total value of $1,459,948.00. Following the completion of the sale, the vice president now owns 66,023 shares of the company’s stock, valued at approximately $1,700,752.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Randy W. Wright sold 32,962 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $25.75, for a total transaction of $848,771.50. Following the completion of the sale, the vice president now directly owns 69,148 shares of the company’s stock, valued at approximately $1,780,561. The disclosure for this sale can be found here. 19.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of HUN. BlackRock Inc. raised its stake in shares of Huntsman Corporation by 12,556.8% during the 1st quarter. BlackRock Inc. now owns 10,242,161 shares of the basic materials company’s stock worth $251,343,000 after acquiring an additional 10,161,239 shares in the last quarter. CNH Partners LLC acquired a new position in Huntsman Corporation during the 2nd quarter valued at approximately $173,105,000. Farallon Capital Management LLC acquired a new position in Huntsman Corporation during the 2nd quarter valued at approximately $140,053,000. Vanguard Group Inc. increased its stake in Huntsman Corporation by 18.9% during the 1st quarter. Vanguard Group Inc. now owns 22,043,506 shares of the basic materials company’s stock valued at $540,948,000 after purchasing an additional 3,497,649 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Huntsman Corporation by 119.2% during the 2nd quarter. Principal Financial Group Inc. now owns 4,809,158 shares of the basic materials company’s stock valued at $124,269,000 after purchasing an additional 2,615,454 shares in the last quarter. Hedge funds and other institutional investors own 75.89% of the company’s stock.
Huntsman Corporation (NYSE:HUN) traded up 0.54% during midday trading on Friday, hitting $27.82. The company had a trading volume of 1,695,958 shares. The firm has a market capitalization of $6.68 billion, a P/E ratio of 15.77 and a beta of 2.79. Huntsman Corporation has a 52 week low of $14.49 and a 52 week high of $28.30. The firm’s 50 day moving average is $26.33 and its 200-day moving average is $25.09.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.18. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Huntsman Corporation will post $2.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.50 annualized dividend and a yield of 1.80%. Huntsman Corporation’s dividend payout ratio (DPR) is 28.41%.
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About Huntsman Corporation
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). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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