Royal Bank of Canada Issues Positive Forecast for Huntsman (NYSE:HUN) Stock Price

Huntsman (NYSE:HUN) had its price target raised by Royal Bank of Canada from $17.00 to $18.00 in a research note released on Thursday,Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock.

Several other analysts have also recently weighed in on HUN. JPMorgan Chase & Co. cut their price objective on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday. UBS Group dropped their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company dropped their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday. Alembic Global Advisors cut Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley dropped their price target on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Huntsman has a consensus rating of “Hold” and an average price target of $21.63.

Huntsman Stock Performance

Shares of NYSE:HUN opened at $17.77 on Thursday. The stock’s 50-day moving average is $17.42 and its 200 day moving average is $20.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. Huntsman has a 1 year low of $15.67 and a 1 year high of $27.01.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. On average, analysts anticipate that Huntsman will post 0.47 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 5.63%. Huntsman’s dividend payout ratio (DPR) is presently -90.91%.

Hedge Funds Weigh In On Huntsman

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp lifted its position in Huntsman by 150.2% in the 4th quarter. Mackenzie Financial Corp now owns 30,912 shares of the basic materials company’s stock valued at $557,000 after acquiring an additional 18,555 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Huntsman by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 597,715 shares of the basic materials company’s stock valued at $10,777,000 after buying an additional 81,481 shares during the last quarter. Voloridge Investment Management LLC raised its stake in Huntsman by 289.8% during the 4th quarter. Voloridge Investment Management LLC now owns 190,139 shares of the basic materials company’s stock valued at $3,428,000 after buying an additional 141,356 shares during the last quarter. Two Sigma Advisers LP raised its stake in Huntsman by 30.6% during the 4th quarter. Two Sigma Advisers LP now owns 741,700 shares of the basic materials company’s stock valued at $13,373,000 after buying an additional 173,800 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in Huntsman by 28.6% during the 4th quarter. Two Sigma Investments LP now owns 1,074,347 shares of the basic materials company’s stock valued at $19,370,000 after buying an additional 239,193 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.