Huntsman Co. (NYSE:HUN) Receives Consensus Rating of “Hold” from Brokerages

Huntsman Co. (NYSE:HUN) has been given a consensus rating of “Hold” by the eight research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $23.75.

HUN has been the topic of several research reports. Royal Bank of Canada cut their price target on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Thursday, December 19th. UBS Group cut their target price on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Citigroup decreased their price target on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Mizuho cut their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their target price on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th.

Insider Buying and Selling

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 sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.60% of the company’s stock.

Institutional Trading of Huntsman

Institutional investors and hedge funds have recently made changes to their positions in the stock. 1832 Asset Management L.P. increased its position in Huntsman by 54.0% in 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 buying an additional 1,547,344 shares during the period. AQR Capital Management LLC grew its position in shares of Huntsman by 383.0% during the second quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after acquiring an additional 1,124,113 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Huntsman in the 3rd quarter worth about $27,045,000. Hotchkis & Wiley Capital Management LLC lifted its position in Huntsman by 295.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 722,990 shares of the basic materials company’s stock valued at $17,496,000 after purchasing an additional 539,990 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Huntsman by 45.0% during the 2nd quarter. Marshall Wace LLP now owns 1,213,629 shares of the basic materials company’s stock valued at $27,634,000 after purchasing an additional 376,423 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Stock Down 1.9 %

Shares of HUN opened at $16.20 on Monday. The firm has a market cap of $2.80 billion, a PE ratio of -23.48 and a beta of 0.97. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average is $18.98 and its two-hundred day moving average is $21.25. Huntsman has a fifty-two week low of $15.95 and a fifty-two week high of $27.01.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. Analysts forecast that Huntsman will post 0.09 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 6.17%. Huntsman’s dividend payout ratio (DPR) is -144.93%.

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.