Huntsman Corporation’s (HUN) “Buy” Rating Reiterated at Alembic Global Advisors
A number of other analysts also recently issued reports on HUN. BidaskClub downgraded Huntsman Corporation from a buy rating to a hold rating in a research report on Tuesday, June 13th. Instinet reissued a buy rating and issued a $30.00 target price on shares of Huntsman Corporation in a research report on Sunday, July 9th. Jefferies Group LLC reissued a buy rating and issued a $29.00 target price on shares of Huntsman Corporation in a research report on Friday, July 14th. KeyCorp raised Huntsman Corporation from a sector weight rating to an overweight rating and set a $34.00 target price for the company in a research report on Monday, July 24th. Finally, Zacks Investment Research raised Huntsman Corporation from a sell rating to a hold rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $30.50.
Huntsman Corporation (HUN) opened at 28.04 on Monday. The firm has a 50-day moving average price of $26.99 and a 200-day moving average price of $25.59. Huntsman Corporation has a one year low of $15.38 and a one year high of $28.67. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 15.90 and a beta of 2.79.
Huntsman Corporation (NYSE:HUN) last released its earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Huntsman Corporation will post $2.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, September 14th. Huntsman Corporation’s dividend payout ratio (DPR) is presently 28.41%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Huntsman Corporation by 6.9% in the second quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock valued at $609,090,000 after purchasing an additional 1,528,072 shares in the last quarter. BlackRock Inc. grew its position in shares of Huntsman Corporation by 9.2% in the second quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock valued at $288,925,000 after purchasing an additional 939,083 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Huntsman Corporation by 5.0% in the first quarter. AQR Capital Management LLC now owns 8,120,586 shares of the basic materials company’s stock valued at $199,280,000 after purchasing an additional 384,183 shares in the last quarter. CNH Partners LLC purchased a new position in shares of Huntsman Corporation in the second quarter valued at $173,105,000. Finally, Farallon Capital Management LLC purchased a new position in shares of Huntsman Corporation in the second quarter valued at $140,053,000. Institutional investors own 75.10% of the company’s stock.
Huntsman Corporation 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). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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