Huntsman (NYSE:HUN) PT Lowered to $24.00 at Citigroup

Huntsman (NYSE:HUN) had its price objective reduced by Citigroup from $26.00 to $24.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

HUN has been the topic of a number of other research reports. JPMorgan Chase & Co. upgraded shares of Huntsman from an underweight rating to an overweight rating and boosted their price objective for the stock from $22.00 to $27.00 in a report on Friday, June 7th. Royal Bank of Canada boosted their price objective on shares of Huntsman from $24.00 to $26.00 and gave the stock a sector perform rating in a report on Tuesday, May 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of Huntsman from $25.00 to $28.00 and gave the stock a sell rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $27.00.

Huntsman Stock Performance

NYSE:HUN opened at $22.77 on Thursday. Huntsman has a twelve month low of $22.14 and a twelve month high of $29.90. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of -43.79 and a beta of 1.07. The firm’s fifty day simple moving average is $24.20 and its 200 day simple moving average is $24.66.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business posted $0.20 EPS. The firm’s revenue was down 8.5% compared to the same quarter last year. As a group, equities research analysts expect that Huntsman will post 0.4 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, June 14th. Huntsman’s dividend payout ratio is presently -192.31%.

Institutional Investors Weigh In On Huntsman

A number of institutional investors have recently modified their holdings of HUN. Quadrant Capital Group LLC grew its position in shares of Huntsman by 93.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after buying an additional 521 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Huntsman during the 4th quarter valued at about $36,000. Montag A & Associates Inc. bought a new stake in shares of Huntsman during the 4th quarter valued at about $45,000. Fidelis Capital Partners LLC bought a new stake in shares of Huntsman during the 1st quarter valued at about $45,000. Finally, Quarry LP bought a new stake in shares of Huntsman during the 4th quarter valued at about $52,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.