Huntsman Co. (NYSE:HUN) Receives Average Recommendation of “Hold” from Analysts

Huntsman Co. (NYSE:HUN) has received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $27.00.

A number of equities research analysts have issued reports on the company. Citigroup lowered their price target on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. JPMorgan Chase & Co. upgraded shares of Huntsman from an “underweight” rating to an “overweight” rating and raised their target price for the company from $22.00 to $27.00 in a research note on Friday, June 7th. Finally, Royal Bank of Canada boosted their target price on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 7th.

Hedge Funds Weigh In On Huntsman

Hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC increased its stake in Huntsman by 93.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 521 shares during the period. GAMMA Investing LLC acquired a new position in shares of Huntsman in the 4th quarter worth approximately $36,000. Montag A & Associates Inc. bought a new position in shares of Huntsman during the 4th quarter worth approximately $45,000. Fidelis Capital Partners LLC bought a new stake in Huntsman in the first quarter valued at $45,000. Finally, Quarry LP acquired a new position in Huntsman during the fourth quarter worth $52,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Trading Down 0.4 %

Shares of NYSE:HUN opened at $22.50 on Thursday. 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 stock has a market capitalization of $3.89 billion, a PE ratio of -43.27 and a beta of 1.01. Huntsman has a 1 year low of $22.14 and a 1 year high of $29.90. The firm has a fifty day moving average price of $24.11 and a 200 day moving average price of $24.60.

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

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.44%. The ex-dividend date was Friday, June 14th. Huntsman’s dividend payout ratio (DPR) is presently -192.31%.

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.