Huntsman (NYSE:HUN) Price Target Lowered to $22.00 at JPMorgan Chase & Co.

Huntsman (NYSE:HUN) had its price objective reduced by JPMorgan Chase & Co. from $25.00 to $22.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

Several other brokerages have also recently commented on HUN. UBS Group lowered their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Royal Bank of Canada cut their price objective on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company cut their price target on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup reduced their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Finally, Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. 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, the company has an average rating of “Hold” and a consensus price target of $21.88.

Huntsman Price Performance

Shares of Huntsman stock opened at $18.06 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $17.45 and its two-hundred day moving average price is $20.14. Huntsman has a 52 week low of $15.67 and a 52 week high of $27.01. The stock has a market cap of $3.12 billion, a PE ratio of -26.17 and a beta of 0.95.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. As a group, sell-side analysts anticipate that Huntsman will post 0.05 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman’s dividend payout ratio is -144.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning increased its stake in Huntsman by 16.0% in the third quarter. Creative Planning now owns 28,925 shares of the basic materials company’s stock valued at $700,000 after acquiring an additional 3,997 shares during the period. Raymond James & Associates grew its stake in Huntsman by 1.2% during the third quarter. Raymond James & Associates now owns 271,287 shares of the basic materials company’s stock worth $6,565,000 after buying an additional 3,291 shares during the last quarter. Shayne & Jacobs LLC grew its stake in Huntsman by 1.2% during the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock worth $2,282,000 after buying an additional 1,140 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Huntsman by 11.2% during the third 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, Wealth Enhancement Advisory Services LLC grew its stake 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 last quarter. Institutional investors 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.