Huntsman Corporation (NYSE:HUN) Given Average Rating of “Hold” by Brokerages

Shares of Huntsman Corporation (NYSE:HUN) have been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.5833.

HUN has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their target price on Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Weiss Ratings raised Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Citigroup boosted their target price on Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Wells Fargo & Company boosted their target price on Huntsman from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen raised Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HUN. Strategic Advocates LLC acquired a new position in shares of Huntsman during the third quarter worth about $27,000. Advisory Services Network LLC acquired a new position in Huntsman during the third quarter valued at approximately $58,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Huntsman by 121.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 3,706 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Huntsman by 1,005.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 5,925 shares in the last quarter. Finally, Platinum Investment Management Ltd. bought a new stake in shares of Huntsman during the 4th quarter worth approximately $68,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Trading Down 0.2%

NYSE HUN opened at $12.04 on Monday. Huntsman has a 12 month low of $7.30 and a 12 month high of $16.08. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.11 billion, a PE ratio of -6.27 and a beta of 0.64. The stock has a 50-day simple moving average of $14.17 and a 200 day simple moving average of $12.57.

Huntsman (NYSE:HUN) last posted its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm earned ($0.11) earnings per share. The company’s revenue was up .7% on a year-over-year basis. Research analysts forecast that Huntsman will post -0.25 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, June 15th. Huntsman’s payout ratio is presently -18.23%.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.