Huntsman (NYSE:HUN) Sets New 12-Month Low After Analyst Downgrade

Shares of Huntsman Co. (NYSE:HUN - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday after UBS Group lowered their price target on the stock from $24.00 to $23.00. UBS Group currently has a neutral rating on the stock. Huntsman traded as low as $19.90 and last traded at $20.73, with a volume of 152473 shares. The stock had previously closed at $21.74.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their target price on Huntsman from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company reduced their target price on Huntsman from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. Finally, Royal Bank of Canada increased their target price on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Huntsman has an average rating of "Hold" and an average price target of $25.88.

Institutional Investors Weigh In On Huntsman

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Matrix Trust Co purchased a new position in shares of Huntsman during the third quarter worth $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of Huntsman in the first quarter valued at $45,000. nVerses Capital LLC grew its stake in shares of Huntsman by 1,250.0% in the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company's stock valued at $61,000 after buying an additional 2,500 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Huntsman in the second quarter valued at $65,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Huntsman in the third quarter valued at $78,000. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Price Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. The stock has a 50 day moving average price of $22.76 and a two-hundred day moving average price of $23.08. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of -41.06 and a beta of 1.02.

Huntsman (NYSE:HUN - Get Free Report) last released its earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the previous year, the firm posted $0.15 EPS. Huntsman's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts expect that Huntsman Co. will post 0.19 EPS for the current year.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.82%. Huntsman's payout ratio is -200.00%.

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.