Huntsman Corp. (HUN) Price Target Cut to $19.00
Huntsman Corp. (NYSE:HUN) had its target price lowered by Nomura from $20.00 to $19.00 in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Nomura’s price objective points to a potential upside of 21.56% from the stock’s previous close.
Several other research firms have also recently issued reports on HUN. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a research report on Monday, August 22nd. Zacks Investment Research lowered shares of Huntsman Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Finally, Citigroup Inc. boosted their price target on shares of Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $17.44.
Shares of Huntsman Corp. (NYSE:HUN) opened at 15.63 on Tuesday. The company has a 50-day moving average of $16.33 and a 200 day moving average of $14.90. The stock has a market cap of $3.72 billion, a PE ratio of 18.65 and a beta of 2.71. Huntsman Corp. has a one year low of $7.46 and a one year high of $18.12.
Huntsman Corp. (NYSE:HUN) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The company earned $2.54 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Huntsman Corp. had a net margin of 2.05% and a return on equity of 26.60%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. On average, analysts predict that Huntsman Corp. will post $1.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 3.20%. Huntsman Corp.’s dividend payout ratio (DPR) is presently 59.52%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in Huntsman Corp. during the fourth quarter valued at approximately $21,955,000. DAVENPORT & Co LLC purchased a new position in Huntsman Corp. during the first quarter valued at approximately $419,000. Glenmede Trust Co. NA raised its position in shares of Huntsman Corp. by 4.0% in the first quarter. Glenmede Trust Co. NA now owns 2,114,217 shares of the company’s stock worth $28,118,000 after buying an additional 81,580 shares during the last quarter. River Wealth Advisors LLC raised its position in shares of Huntsman Corp. by 6.4% in the first quarter. River Wealth Advisors LLC now owns 99,046 shares of the company’s stock worth $1,317,000 after buying an additional 5,949 shares during the last quarter. Finally, Commonwealth Equity Services Inc raised its position in shares of Huntsman Corp. by 24.7% in the first quarter. Commonwealth Equity Services Inc now owns 44,949 shares of the company’s stock worth $598,000 after buying an additional 8,892 shares during the last quarter. Hedge funds and other institutional investors own 67.25% of the company’s stock.
Huntsman Corp. Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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