Brokerages Set Huntsman Co. (NYSE:HUN) Target Price at $25.75

Shares of Huntsman Co. (NYSE:HUN - Get Free Report) have been assigned an average recommendation of "Hold" from the eight analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $25.75.

HUN has been the subject of a number of recent analyst reports. UBS Group decreased their target price on Huntsman from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. Royal Bank of Canada increased their price objective on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a research report on Friday, October 11th. Wells Fargo & Company dropped their target price on shares of Huntsman from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. reduced their price target 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Huntsman by 1.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company's stock worth $151,599,000 after buying an additional 97,082 shares in the last quarter. Millennium Management LLC raised its stake in Huntsman by 5.2% during the second quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company's stock worth $111,389,000 after acquiring an additional 243,821 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Huntsman by 54.0% during the second quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company's stock worth $100,536,000 after acquiring an additional 1,547,344 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Huntsman by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,408,592 shares of the basic materials company's stock valued at $62,697,000 after acquiring an additional 203,396 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Huntsman by 52.4% in the 2nd quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company's stock valued at $53,701,000 after purchasing an additional 811,099 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Stock Performance

Shares of HUN opened at $22.23 on Wednesday. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of -42.74 and a beta of 1.00. The company's fifty day moving average is $22.69 and its 200-day moving average is $23.14. The company has a quick ratio of 0.77, a current ratio of 1.30 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.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates 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 was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. Equities analysts expect that Huntsman will post 0.19 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.50%. Huntsman's dividend payout ratio (DPR) is currently -192.31%.

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.