Huntsman Co. (NYSE:HUN) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Huntsman Co. (NYSE:HUN - Get Free Report) have been given a consensus rating of "Hold" by the ten research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $17.67.

Several research firms have recently commented on HUN. Morgan Stanley decreased their target price on shares of Huntsman from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada increased their price target on shares of Huntsman from $17.00 to $18.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. Wells Fargo & Company decreased their target price on Huntsman from $20.00 to $17.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Mizuho reduced their price objective on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Finally, UBS Group dropped their price objective on Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a research note on Monday, April 7th.

Institutional Investors Weigh In On Huntsman

A number of hedge funds have recently modified their holdings of HUN. Sanctuary Advisors LLC grew its position in shares of Huntsman by 15.3% during the third quarter. Sanctuary Advisors LLC now owns 22,281 shares of the basic materials company's stock worth $539,000 after purchasing an additional 2,951 shares in the last quarter. Tidal Investments LLC raised its holdings in Huntsman by 84.6% during the 3rd quarter. Tidal Investments LLC now owns 28,098 shares of the basic materials company's stock valued at $680,000 after buying an additional 12,875 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Huntsman by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company's stock worth $32,488,000 after acquiring an additional 124,841 shares during the last quarter. First Hawaiian Bank bought a new position in shares of Huntsman in the fourth quarter worth about $569,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Huntsman by 1.8% in the fourth 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 in the last quarter. Institutional investors own 84.81% of the company's stock.

Huntsman Price Performance

Huntsman stock opened at $13.09 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. Huntsman has a one year low of $11.90 and a one year high of $25.92. The stock's 50 day moving average is $15.71 and its 200 day moving average is $18.11. The firm has a market cap of $2.27 billion, a P/E ratio of -11.90 and a beta of 0.85.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. As a group, research analysts expect that Huntsman will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.64%. The ex-dividend date was Friday, March 14th. Huntsman's 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.

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