Analysts Set Huntsman Co. (NYSE:HUN) PT at $25.75

Shares of Huntsman Co. (NYSE:HUN - Get Free Report) have been assigned an average rating of "Hold" from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $25.75.

A number of brokerages recently weighed in on HUN. Wells Fargo & Company reduced their target price on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price target on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday, October 11th. JPMorgan Chase & Co. reduced their price objective on Huntsman from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. Finally, UBS Group dropped their target price on Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th.

Insider Buying and Selling at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On Huntsman

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its stake in Huntsman by 1.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company's stock valued at $151,599,000 after acquiring an additional 97,082 shares in the last quarter. Millennium Management LLC lifted its stake in Huntsman by 5.2% during the 2nd quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company's stock valued at $111,389,000 after acquiring an additional 243,821 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in Huntsman by 54.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company's stock valued at $100,536,000 after acquiring an additional 1,547,344 shares in the last quarter. State Street Corp lifted its stake in Huntsman by 2.2% during the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company's stock valued at $79,905,000 after acquiring an additional 70,382 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Huntsman by 1.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,055,267 shares of the basic materials company's stock valued at $73,937,000 after acquiring an additional 31,883 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors.

Huntsman Price Performance

Shares of Huntsman stock traded up $0.11 during midday trading on Friday, reaching $19.73. The company had a trading volume of 2,066,544 shares, compared to its average volume of 2,186,775. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of -28.59 and a beta of 1.02. The stock has a fifty day simple moving average of $22.25 and a 200 day simple moving average of $22.65. Huntsman has a 1-year low of $19.11 and a 1-year high of $27.01.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period last year, the firm earned $0.15 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts forecast that Huntsman will post 0.09 earnings per share for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman's dividend payout ratio is presently -144.93%.

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.