Huntsman Co. (NYSE:HUN) Receives Average Rating of "Hold" from Analysts

Shares of Huntsman Co. (NYSE:HUN - Get Free Report) have been assigned a consensus rating of "Hold" from the eight brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $25.75.

Several brokerages recently issued reports on HUN. Wells Fargo & Company reduced their price objective on Huntsman from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada lifted their price target on Huntsman from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, October 11th. UBS Group decreased their price objective on shares of Huntsman from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Huntsman from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th.

Institutional Trading of Huntsman

A number of hedge funds have recently bought and sold shares of HUN. Pallas Capital Advisors LLC lifted its stake in shares of Huntsman by 7.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 34,230 shares of the basic materials company's stock worth $782,000 after purchasing an additional 2,397 shares during the period. Nisa Investment Advisors LLC increased its stake in Huntsman by 21.4% in the third quarter. Nisa Investment Advisors LLC now owns 64,615 shares of the basic materials company's stock valued at $1,564,000 after purchasing an additional 11,400 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Huntsman by 257.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,396 shares of the basic materials company's stock worth $905,000 after buying an additional 26,934 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Huntsman by 11.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,103 shares of the basic materials company's stock worth $2,408,000 after buying an additional 9,876 shares during the last quarter. Finally, Shayne & Jacobs LLC grew its holdings in Huntsman by 1.2% in the 3rd quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company's stock valued at $2,282,000 after buying an additional 1,140 shares during the period. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Price Performance

Shares of HUN traded up $0.13 during trading hours on Wednesday, reaching $22.36. The company had a trading volume of 1,743,190 shares, compared to its average volume of 1,869,508. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. Huntsman has a 12-month low of $19.91 and a 12-month high of $27.01. The firm has a 50 day simple moving average of $22.72 and a 200-day simple moving average of $23.13. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of -43.60 and a beta of 1.00.

Huntsman (NYSE:HUN - Get Free Report) last issued its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.14. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.61 billion. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.22 earnings per share. Research analysts expect that Huntsman will post 0.19 earnings per share for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a yield of 4.47%. Huntsman's dividend payout ratio (DPR) is -192.31%.

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.