Huntsman (NYSE:HUN) Rating Lowered to Neutral at Bank of America

Bank of America downgraded shares of Huntsman (NYSE:HUN - Free Report) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, Marketbeat reports. The firm currently has $15.00 price target on the basic materials company's stock, down from their prior price target of $22.00.

Several other analysts also recently weighed in on HUN. Alembic Global Advisors downgraded Huntsman from an "overweight" rating to a "neutral" rating in a research note on Wednesday, January 15th. UBS Group dropped their price target on Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Morgan Stanley decreased their price target on shares of Huntsman from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Citigroup cut their target price on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $17.67.

Huntsman Stock Performance

HUN stock traded up $0.18 during trading on Tuesday, reaching $13.03. 2,705,288 shares of the company's stock were exchanged, compared to its average volume of 2,351,578. The firm has a market cap of $2.26 billion, a PE ratio of -11.84 and a beta of 0.85. The company's fifty day moving average price is $15.94 and its 200-day moving average price is $18.37. Huntsman has a 1-year low of $11.90 and a 1-year high of $25.92. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48.

Huntsman (NYSE:HUN - Get Free Report) last issued its earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. On average, research analysts expect that Huntsman will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 7.68%. Huntsman's dividend payout ratio is -90.91%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HUN. R Squared Ltd purchased a new stake in shares of Huntsman during the fourth quarter valued at approximately $40,000. Quadrant Capital Group LLC lifted its position in Huntsman by 74.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 956 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Huntsman during the 4th quarter valued at approximately $60,000. Versant Capital Management Inc lifted its holdings in Huntsman by 2,388.4% in the first quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock worth $64,000 after buying an additional 3,917 shares during the period. Finally, Quarry LP purchased a new stake in Huntsman in the fourth quarter worth about $65,000. 84.81% of the stock is owned by institutional investors.

About Huntsman

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.