Huntsman Co. (NYSE:HUN) Receives Consensus Rating of “Hold” from Analysts

Huntsman Co. (NYSE:HUN) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $20.50.

A number of equities analysts have weighed in on HUN shares. JPMorgan Chase & Co. reduced their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group reduced their price target on Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a research report on Wednesday. Morgan Stanley reduced their price target on Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Wells Fargo & Company reduced their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th.

Institutional Investors Weigh In On Huntsman

A number of large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its stake in Huntsman by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock valued at $686,000 after acquiring an additional 674 shares during the period. Quadrant Capital Group LLC raised its stake in Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 956 shares during the period. Larson Financial Group LLC raised its stake in Huntsman by 14.4% in the 3rd quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company’s stock valued at $224,000 after acquiring an additional 1,163 shares during the period. PNC Financial Services Group Inc. raised its stake in Huntsman by 4.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company’s stock valued at $571,000 after acquiring an additional 1,212 shares during the period. Finally, Mariner LLC raised its stake in Huntsman by 10.0% in the 4th quarter. Mariner LLC now owns 13,550 shares of the basic materials company’s stock valued at $244,000 after acquiring an additional 1,233 shares during the period. Institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

Shares of NYSE HUN opened at $17.33 on Tuesday. The company has a fifty day moving average price of $17.17 and a 200 day moving average price of $19.86. The firm has a market cap of $3.00 billion, a PE ratio of -15.75 and a beta of 0.95. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Huntsman has a 1-year low of $15.46 and a 1-year high of $26.76.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Research analysts predict that Huntsman will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman’s dividend payout ratio is currently -90.91%.

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.