Huntsman (NYSE:HUN) Price Target Cut to $22.00 by Analysts at Wells Fargo & Company

Huntsman (NYSE:HUN - Free Report) had its price objective lowered by Wells Fargo & Company from $25.00 to $22.00 in a research report released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the basic materials company's stock.

Other research analysts have also issued research reports about the stock. Morgan Stanley lowered 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 note on Monday, January 13th. Royal Bank of Canada lowered their target price on shares of Huntsman from $23.00 to $20.00 and set a "sector perform" rating for the company in a research note on Thursday, December 19th. Alembic Global Advisors lowered shares of Huntsman from an "overweight" rating to a "neutral" rating in a research note on Wednesday, January 15th. Citigroup reduced their price target on shares of Huntsman from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. Finally, Mizuho reduced their price target on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $21.63.

Huntsman Price Performance

HUN traded down $0.15 during midday trading on Wednesday, hitting $17.63. 2,333,987 shares of the company traded hands, compared to its average volume of 2,897,490. Huntsman has a 52-week low of $15.67 and a 52-week high of $27.01. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -16.02 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. The business has a 50 day simple moving average of $17.42 and a two-hundred day simple moving average of $20.12.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS 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 company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.45 billion. On average, equities analysts forecast that Huntsman will post 0.47 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 5.67%. Huntsman's dividend payout ratio (DPR) is -90.91%.

Institutional Trading of Huntsman

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Huntsman by 10.3% in the third quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company's stock valued at $32,488,000 after acquiring an additional 124,841 shares in the last quarter. Bank of Montreal Can raised its holdings in Huntsman by 152.7% in the third quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company's stock valued at $2,440,000 after acquiring an additional 60,072 shares in the last quarter. First Hawaiian Bank acquired a new stake in Huntsman during the fourth quarter worth approximately $569,000. ING Groep NV acquired a new stake in Huntsman during the third quarter worth approximately $5,317,000. Finally, Empowered Funds LLC raised its holdings in Huntsman by 49.9% during the third quarter. Empowered Funds LLC now owns 31,783 shares of the basic materials company's stock worth $769,000 after purchasing an additional 10,582 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

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.