Several other research analysts also recently commented on HUN. Deutsche Bank Aktiengesellschaft lifted their target price on Huntsman from $40.00 to $46.00 and gave the stock a buy rating in a research note on Wednesday, February 16th. Jefferies Financial Group lifted their target price on Huntsman from $46.00 to $49.00 and gave the stock a buy rating in a research note on Wednesday, February 16th. Zacks Investment Research downgraded Huntsman from a hold rating to a sell rating and set a $37.00 target price for the company. in a research note on Tuesday, January 11th. Bank of America assumed coverage on Huntsman in a research note on Thursday, March 31st. They issued a buy rating for the company. Finally, Barclays reduced their price target on Huntsman from $42.00 to $40.00 and set an equal weight rating for the company in a research note on Monday, March 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Huntsman presently has a consensus rating of Buy and an average target price of $47.64.
HUN stock opened at $34.04 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.92 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $37.97 and a two-hundred day moving average price of $35.07. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of 0.72 and a beta of 1.13. Huntsman has a twelve month low of $24.09 and a twelve month high of $41.65.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were issued a $0.2125 dividend. The ex-dividend date was Monday, March 14th. This is a boost from Huntsman’s previous quarterly dividend of $0.19. This represents a $0.85 annualized dividend and a yield of 2.50%. Huntsman’s payout ratio is currently 17.93%.
Huntsman declared that its Board of Directors has authorized a stock buyback plan on Monday, March 28th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 24.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Starboard Value LP raised its holdings in Huntsman by 55.4% in the 4th quarter. Starboard Value LP now owns 18,026,236 shares of the basic materials company’s stock valued at $628,755,000 after acquiring an additional 6,428,092 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Huntsman by 0.3% during the 4th quarter. BlackRock Inc. now owns 12,625,053 shares of the basic materials company’s stock worth $440,362,000 after buying an additional 40,163 shares in the last quarter. Capital World Investors raised its holdings in shares of Huntsman by 0.3% during the 4th quarter. Capital World Investors now owns 7,512,442 shares of the basic materials company’s stock worth $262,034,000 after buying an additional 21,699 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Huntsman by 24.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,314,372 shares of the basic materials company’s stock worth $216,437,000 after buying an additional 1,444,358 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of Huntsman by 7.0% during the 3rd quarter. Macquarie Group Ltd. now owns 5,423,168 shares of the basic materials company’s stock worth $160,471,000 after buying an additional 352,574 shares in the last quarter. 84.65% of the stock is owned by hedge funds and other institutional investors.
About Huntsman (Get Rating)
Huntsman Corp. engages in the manufacturing of differentiated organic chemical products. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE.
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