Huntsman (NYSE:HUN) Price Target Raised to $24.00 at Royal Bank of Canada

Huntsman (NYSE:HUN - Free Report) had its target price increased by Royal Bank of Canada from $21.00 to $24.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a sector perform rating on the basic materials company's stock.

HUN has been the subject of a number of other research reports. UBS Group lowered their target price on shares of Huntsman from $23.00 to $22.00 and set a neutral rating for the company in a research note on Tuesday, August 6th. Wells Fargo & Company cut their target price on Huntsman from $28.00 to $26.00 and set an overweight rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price target on Huntsman from $27.00 to $25.00 and set an overweight rating for the company in a report on Wednesday, August 7th. Finally, Citigroup cut their price objective on shares of Huntsman from $26.00 to $24.00 and set a neutral rating on the stock in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $25.89.

Huntsman Stock Up 0.7 %

Shares of Huntsman stock traded up $0.17 during trading hours on Friday, reaching $23.94. 995,849 shares of the company were exchanged, compared to its average volume of 1,913,180. The firm has a market cap of $4.14 billion, a PE ratio of -47.87 and a beta of 1.00. The stock's fifty day moving average is $22.13 and its 200 day moving average is $23.37. Huntsman has a 1 year low of $19.91 and a 1 year high of $27.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, hitting analysts' consensus estimates of $0.14. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. As a group, equities research analysts forecast that Huntsman will post 0.19 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.18%. The ex-dividend date was Friday, September 13th. Huntsman's payout ratio is currently -200.00%.

Institutional Investors Weigh In On Huntsman

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Butensky & Cohen Financial Security Inc. increased its position in Huntsman by 0.3% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company's stock valued at $3,474,000 after acquiring an additional 483 shares during the period. Dumont & Blake Investment Advisors LLC raised its stake in shares of Huntsman by 1.7% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 30,817 shares of the basic materials company's stock worth $802,000 after purchasing an additional 505 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Huntsman by 44.0% during the first quarter. GAMMA Investing LLC now owns 2,115 shares of the basic materials company's stock worth $55,000 after purchasing an additional 646 shares during the period. William Blair Investment Management LLC increased its stake in Huntsman by 4.0% in the 1st quarter. William Blair Investment Management LLC now owns 17,131 shares of the basic materials company's stock valued at $446,000 after buying an additional 653 shares during the period. Finally, Quantbot Technologies LP raised its position in Huntsman by 0.4% during the 1st quarter. Quantbot Technologies LP now owns 185,005 shares of the basic materials company's stock worth $4,816,000 after buying an additional 693 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

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.