Huntsman Co. (HUN) Given Average Rating of “Buy” by Analysts

Huntsman Co. (NYSE:HUN) has received an average rating of “Buy” from the fifteen research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $33.45.

A number of research analysts have recently commented on HUN shares. Zacks Investment Research raised shares of Huntsman from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, October 11th. Alembic Global Advisors reissued a “buy” rating on shares of Huntsman in a research report on Monday, October 2nd. KeyCorp restated a “buy” rating and issued a $34.00 price target on shares of Huntsman in a report on Tuesday, October 17th. Nomura increased their target price on Huntsman to $40.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, ValuEngine cut Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th.

In related news, CEO Anthony P. Hankins sold 80,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the transaction, the chief executive officer now directly owns 442,615 shares in the company, valued at $14,110,566.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jon M. Huntsman sold 383,610 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $31.58, for a total value of $12,114,403.80. Following the transaction, the chairman now owns 115,206 shares in the company, valued at $3,638,205.48. The disclosure for this sale can be found here. Insiders have sold 25,210,738 shares of company stock worth $561,179,159 over the last 90 days. 19.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Mckinley Capital Management LLC Delaware acquired a new stake in Huntsman in the second quarter worth $106,000. Assetmark Inc. increased its position in Huntsman by 1,658.4% in the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock worth $109,000 after buying an additional 3,748 shares during the period. The Manufacturers Life Insurance Company increased its position in Huntsman by 9.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock worth $188,000 after buying an additional 610 shares during the period. Boothbay Fund Management LLC acquired a new stake in Huntsman in the third quarter worth $213,000. Finally, Chickasaw Capital Management LLC acquired a new stake in Huntsman in the fourth quarter worth $216,000. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman (NYSE:HUN) traded up $0.12 during midday trading on Friday, hitting $34.28. 2,182,700 shares of the stock were exchanged, compared to its average volume of 2,303,658. Huntsman has a one year low of $19.56 and a one year high of $35.00. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. The firm has a market cap of $8,350.00, a P/E ratio of 19.93, a P/E/G ratio of 1.70 and a beta of 2.84.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company posted $0.38 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. analysts expect that Huntsman will post 2.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, December 14th. Huntsman’s dividend payout ratio (DPR) is presently 29.07%.

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About Huntsman

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.

Analyst Recommendations for Huntsman (NYSE:HUN)

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