Huntsman Co. (NYSE:HUN) Given Consensus Rating of "Hold" by Brokerages

Huntsman Co. (NYSE:HUN - Get Free Report) has received an average recommendation of "Hold" from the nine ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $25.56.

HUN has been the subject of several research reports. Citigroup dropped their price target on Huntsman from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, June 27th. UBS Group dropped their target price on shares of Huntsman from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company decreased their price target on shares of Huntsman from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada cut their price objective on shares of Huntsman from $30.00 to $21.00 and set a "sector perform" rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th.

Huntsman Price Performance

Huntsman stock traded up $0.50 during trading on Friday, reaching $24.21. The company had a trading volume of 1,261,804 shares, compared to its average volume of 1,921,453. The firm has a market capitalization of $4.19 billion, a PE ratio of -46.56 and a beta of 1.00. The firm's 50-day simple moving average is $22.10 and its 200 day simple moving average is $23.42. 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 has a 1-year low of $19.91 and a 1-year high of $27.01.

Huntsman (NYSE:HUN - Get Free Report) last released its earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, hitting analysts' consensus estimates of $0.14. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the previous year, the company earned $0.22 earnings per share. The company's quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Huntsman will post 0.2 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.00 annualized dividend and a yield of 4.13%. Huntsman's dividend payout ratio (DPR) is -192.31%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB lifted its holdings in shares of Huntsman by 43.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 45,113 shares of the basic materials company's stock worth $1,092,000 after acquiring an additional 13,600 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Huntsman during the second quarter worth $464,000. Quarry LP raised its holdings in shares of Huntsman by 64.8% in the 2nd quarter. Quarry LP now owns 3,664 shares of the basic materials company's stock valued at $83,000 after buying an additional 1,441 shares during the period. Systematic Financial Management LP lifted its stake in Huntsman by 4.0% during the 2nd quarter. Systematic Financial Management LP now owns 522,518 shares of the basic materials company's stock worth $11,898,000 after acquiring an additional 20,261 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in Huntsman by 77.9% during the 2nd quarter. Algert Global LLC now owns 460,403 shares of the basic materials company's stock valued at $10,483,000 after acquiring an additional 201,615 shares during the period. 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.