Huntsman Co. (NYSE:HUN - Get Free Report)'s stock price reached a new 52-week low during trading on Monday after Wells Fargo & Company lowered their price target on the stock from $20.00 to $17.00. Wells Fargo & Company currently has an overweight rating on the stock. Huntsman traded as low as $12.40 and last traded at $12.69, with a volume of 277260 shares traded. The stock had previously closed at $13.43.
Other equities research analysts have also issued reports about the company. Citigroup lowered their price objective on Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. UBS Group cut their price objective on Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Mizuho lowered their target price on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on shares of Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 19th. Finally, Alembic Global Advisors cut shares of Huntsman from an "overweight" rating to a "neutral" rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $18.00.
Check Out Our Latest Analysis on HUN
Hedge Funds Weigh In On Huntsman
Several large investors have recently made changes to their positions in HUN. R Squared Ltd acquired a new stake in shares of Huntsman during the fourth quarter worth $40,000. Quadrant Capital Group LLC increased its stake in shares of Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 956 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Huntsman in the 4th quarter valued at approximately $60,000. Quarry LP bought a new position in Huntsman during the 4th quarter worth approximately $65,000. Finally, Versant Capital Management Inc boosted its stake in Huntsman by 2,388.4% during the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock worth $64,000 after acquiring an additional 3,917 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.
Huntsman Stock Performance
The stock's fifty day moving average is $16.24 and its 200-day moving average is $18.65. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of -12.40 and a beta of 0.85.
Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. On average, analysts forecast that Huntsman Co. will post 0.32 EPS for the current year.
Huntsman Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.33%. The ex-dividend date was Friday, March 14th. Huntsman's dividend payout ratio (DPR) is presently -90.91%.
About Huntsman
(
Get Free Report)
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.
See Also
Before you consider Huntsman, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huntsman wasn't on the list.
While Huntsman currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
