Shares of Huntsman Co. (NYSE:HUN) have been assigned a consensus rating of “Buy” from the eighteen analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $37.27.
A number of research analysts have weighed in on HUN shares. Seaport Global Securities started coverage on shares of Huntsman in a research report on Friday, August 24th. They set a “buy” rating for the company. Royal Bank of Canada reissued a “buy” rating and set a $38.00 target price on shares of Huntsman in a research report on Wednesday, August 1st. MED reissued a “buy” rating on shares of Huntsman in a research report on Monday, September 17th. Zacks Investment Research raised shares of Huntsman from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Monday, July 16th. Finally, Citigroup upped their price objective on shares of Huntsman from $42.50 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th.
Huntsman stock traded down $0.29 on Thursday, reaching $27.35. 15,718 shares of the stock were exchanged, compared to its average volume of 2,415,693. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 0.94 and a beta of 2.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.93 and a quick ratio of 1.58. Huntsman has a twelve month low of $26.70 and a twelve month high of $36.09.
Huntsman (NYSE:HUN) last released its earnings results on Tuesday, July 31st. The basic materials company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.17. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.24 billion. Huntsman had a net margin of 11.92% and a return on equity of 24.14%. The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. sell-side analysts expect that Huntsman will post 3.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, September 13th. Huntsman’s dividend payout ratio is currently 26.21%.
Several institutional investors and hedge funds have recently made changes to their positions in HUN. FTB Advisors Inc. bought a new stake in Huntsman in the second quarter valued at about $114,000. C M Bidwell & Associates Ltd. bought a new stake in Huntsman in the first quarter valued at about $123,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Huntsman in the second quarter valued at about $122,000. Point72 Asia Hong Kong Ltd increased its stake in Huntsman by 383.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 4,803 shares of the basic materials company’s stock valued at $140,000 after acquiring an additional 3,809 shares during the period. Finally, KBC Group NV bought a new stake in Huntsman in the first quarter valued at about $155,000. 77.15% of the stock is owned by institutional investors and hedge funds.
Huntsman Corporation, through its subsidiary, Huntsman International LLC, 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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