Huntsman Corporation (NYSE:HUN) Receives $11.00 Average Target Price from Brokerages

Shares of Huntsman Corporation (NYSE:HUN) have received a consensus recommendation of “Reduce” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $11.00.

HUN has been the topic of several recent analyst reports. Citigroup raised their target price on shares of Huntsman from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. decreased their target price on Huntsman from $20.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, November 10th. The Goldman Sachs Group increased their price target on shares of Huntsman from $8.50 to $9.50 and gave the stock a “sell” rating in a research note on Thursday, December 4th. Royal Bank Of Canada raised their price objective on Huntsman from $10.00 to $13.00 and gave the company a “sector perform” rating in a research report on Friday, January 16th. Finally, Zacks Research upgraded shares of Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th.

Huntsman Trading Down 2.9%

NYSE HUN opened at $11.38 on Friday. The firm has a market cap of $1.98 billion, a PE ratio of -5.99 and a beta of 0.68. Huntsman has a 1-year low of $7.30 and a 1-year high of $18.53. The stock has a 50-day moving average of $10.50 and a 200-day moving average of $9.97. The company has a current ratio of 1.36, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the firm earned $0.10 EPS. The business’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that Huntsman will post 0.32 EPS for the current year.

Huntsman Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.0875 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.35 annualized dividend and a yield of 3.1%. Huntsman’s payout ratio is -18.42%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Strategic Advocates LLC purchased a new position in Huntsman in the 3rd quarter worth about $27,000. SJS Investment Consulting Inc. bought a new stake in Huntsman during the third quarter valued at about $33,000. GAMMA Investing LLC raised its stake in Huntsman by 104.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 2,015 shares during the period. IFP Advisors Inc increased its stake in shares of Huntsman by 197.6% in the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 2,431 shares in the last quarter. Finally, Strengthening Families & Communities LLC increased its stake in Huntsman by 2,182.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock worth $39,000 after buying an additional 4,124 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.