Huntsman (NYSE:HUN) Price Target Cut to $13.00 by Analysts at UBS Group

Huntsman (NYSE:HUN - Free Report) had its price objective decreased by UBS Group from $18.00 to $13.00 in a research report sent to investors on Monday,Benzinga reports. UBS Group currently has a neutral rating on the basic materials company's stock.

Several other equities research analysts have also recently issued reports on the company. Citigroup cut their price target on Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Mizuho cut their target price on Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price target on Huntsman from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada boosted their price target on Huntsman from $17.00 to $18.00 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company reduced their price objective on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $18.00.

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Huntsman Stock Performance

NYSE:HUN traded up $0.20 on Monday, hitting $13.64. The company's stock had a trading volume of 3,458,514 shares, compared to its average volume of 2,321,436. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Huntsman has a one year low of $11.90 and a one year high of $25.92. The stock has a fifty day moving average of $16.24 and a two-hundred day moving average of $18.65. The firm has a market capitalization of $2.37 billion, a P/E ratio of -12.40 and a beta of 0.85.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. Research analysts predict that Huntsman will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given 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 of this dividend was Friday, March 14th. Huntsman's dividend payout ratio (DPR) is presently -90.91%.

Institutional Trading of Huntsman

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Huntsman by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock valued at $297,171,000 after purchasing an additional 130,702 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Huntsman by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock valued at $102,529,000 after buying an additional 349,502 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Huntsman by 320.2% during the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock worth $84,663,000 after buying an additional 3,578,100 shares in the last quarter. State Street Corp grew its position in shares of Huntsman by 2.2% during the 3rd quarter. State Street Corp now owns 3,301,850 shares of the basic materials company's stock worth $79,905,000 after buying an additional 70,382 shares during the period. Finally, Nomura Holdings Inc. increased its stake in shares of Huntsman by 188.3% in the 4th quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock valued at $58,940,000 after acquiring an additional 2,135,000 shares in the last quarter. Institutional investors own 84.81% of the company's stock.

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.