Huntsman Co. (NYSE:HUN) Given Consensus Recommendation of “Hold” by Brokerages

Huntsman Co. (NYSE:HUN) has received an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $25.75.

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. decreased their target price on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. UBS Group reduced their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada raised their target price on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th.

Insider Buying and Selling at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Huntsman

Several large investors have recently made changes to their positions in HUN. Matrix Trust Co acquired a new stake in shares of Huntsman in the 3rd quarter valued at approximately $25,000. nVerses Capital LLC grew its holdings in shares of Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 2,500 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Huntsman in the 3rd quarter valued at approximately $62,000. Innealta Capital LLC bought a new position in shares of Huntsman in the 2nd quarter valued at about $65,000. Finally, Capital Performance Advisors LLP bought a new position in Huntsman during the third quarter worth about $78,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Up 0.6 %

Huntsman stock opened at $19.73 on Friday. The firm’s 50 day moving average price is $22.25 and its two-hundred day moving average price is $22.68. The firm has a market cap of $3.41 billion, a PE ratio of -28.59 and a beta of 1.02. Huntsman has a twelve month low of $19.11 and a twelve month high of $27.01. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company earned $0.15 earnings per share. Huntsman’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, research analysts predict that Huntsman will post 0.09 EPS for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Friday, December 13th. Huntsman’s payout ratio is -144.93%.

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.