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

Huntsman Corporation (NYSE:HUN) has been given a consensus rating of “Hold” by the fifteen analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $11.69.

Several equities analysts have issued reports on the company. Bank of America boosted their price target on Huntsman from $10.00 to $11.00 and gave the company an “underperform” rating in a research note on Tuesday, June 30th. Citigroup reduced their price target on shares of Huntsman from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday. Mizuho decreased their price target on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Weiss Ratings downgraded Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada reduced their price objective on Huntsman from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 3rd.

Insiders Place Their Bets

In other Huntsman news, CEO Peter R. Huntsman purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $9.81 per share, with a total value of $981,000.00. Following the transaction, the chief executive officer owned 7,256,341 shares in the company, valued at $71,184,705.21. The trade was a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Huntsman during the second quarter valued at about $193,750,000. Pzena Investment Management LLC purchased a new stake in Huntsman in the 2nd quarter valued at about $54,817,000. Bank of America Corp DE bought a new position in shares of Huntsman during the 2nd quarter worth approximately $23,596,000. Bank of Nova Scotia purchased a new stake in shares of Huntsman during the second quarter valued at approximately $11,907,000. Finally, Man Group plc bought a new stake in Huntsman during the second quarter worth $11,485,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

Shares of NYSE HUN opened at $8.54 on Wednesday. The company has a market capitalization of $1.50 billion, a PE ratio of -8.21 and a beta of 0.80. The company has a quick ratio of 0.78, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. Huntsman has a twelve month low of $7.30 and a twelve month high of $16.08. The firm has a fifty day simple moving average of $9.74 and a 200 day simple moving average of $11.92.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Huntsman’s dividend payout ratio (DPR) is -33.65%.

About Huntsman

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company serves customers in industries including construction, automotive, aerospace, energy, electronics, coatings, adhesives, and consumer products.

Huntsman’s product portfolio includes polyurethane chemicals such as methylene diphenyl diisocyanate, or MDI, and polyols; performance chemicals including amines and maleic anhydride; and advanced materials such as epoxy-based formulations, adhesives, and composite materials.