Huntsman (NYSE:HUN) PT Lowered to $27.00
Huntsman (NYSE:HUN) had its price objective decreased by KeyCorp from $28.00 to $27.00 in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. KeyCorp currently has an overweight rating on the basic materials company’s stock. KeyCorp also issued estimates for Huntsman’s Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.79 EPS, FY2019 earnings at $2.55 EPS and FY2020 earnings at $3.00 EPS.
Several other research firms also recently issued reports on HUN. Royal Bank of Canada set a €215.00 ($250.00) price target on Munchener Ruckvers and gave the stock a buy rating in a research note on Tuesday, March 19th. Goldman Sachs Group raised MICHELIN COMPAG/ADR from a neutral rating to a buy rating in a research report on Thursday, May 9th. ValuEngine cut Intersect ENT from a buy rating to a hold rating in a research report on Monday, July 8th. Barclays reissued a hold rating and set a $52.00 price objective on shares of Biohaven Pharmaceutical in a research report on Tuesday, March 19th. Finally, Jefferies Financial Group cut their price objective on Huntsman from $33.00 to $30.00 and set a buy rating for the company in a research report on Monday, June 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Huntsman has a consensus rating of Hold and an average target price of $28.77.
Shares of HUN opened at $20.33 on Tuesday. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 6.09, a price-to-earnings-growth ratio of 0.86 and a beta of 2.30. The business has a 50 day moving average price of $19.30. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 0.96. Huntsman has a 52 week low of $17.33 and a 52 week high of $33.55.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.1625 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.65 annualized dividend and a yield of 3.20%. Huntsman’s dividend payout ratio (DPR) is 19.46%.
In other news, VP David M. Stryker purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was purchased at an average price of $19.01 per share, with a total value of $38,020.00. Following the acquisition, the vice president now directly owns 179,930 shares in the company, valued at approximately $3,420,469.30. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Scott J. Wright acquired 4,950 shares of the stock in a transaction dated Tuesday, May 14th. The stock was bought at an average price of $20.22 per share, for a total transaction of $100,089.00. Following the completion of the purchase, the insider now owns 33,922 shares in the company, valued at approximately $685,902.84. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 7,950 shares of company stock valued at $157,729. Insiders own 5.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Huntsman by 1.3% during the 1st quarter. BlackRock Inc. now owns 15,541,338 shares of the basic materials company’s stock worth $349,525,000 after acquiring an additional 194,288 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Huntsman by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,682,522 shares of the basic materials company’s stock worth $109,615,000 after acquiring an additional 19,446 shares during the last quarter. Geode Capital Management LLC grew its position in Huntsman by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 3,760,365 shares of the basic materials company’s stock worth $72,537,000 after acquiring an additional 249,417 shares during the last quarter. Two Sigma Advisers LP grew its position in Huntsman by 34.9% during the 4th quarter. Two Sigma Advisers LP now owns 3,414,078 shares of the basic materials company’s stock worth $65,858,000 after acquiring an additional 882,841 shares during the last quarter. Finally, Carillon Tower Advisers Inc. grew its position in Huntsman by 61.3% during the 1st quarter. Carillon Tower Advisers Inc. now owns 2,811,189 shares of the basic materials company’s stock worth $63,223,000 after acquiring an additional 1,068,025 shares during the last quarter. Institutional investors own 76.13% of the company’s stock.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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