Huntsman (NYSE:HUN) Stock Crosses Above Two Hundred Day Moving Average of $24.59

Huntsman Co. (NYSE:HUNGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.59 and traded as high as $26.21. Huntsman shares last traded at $25.99, with a volume of 1,979,138 shares.

Analysts Set New Price Targets

Several research firms have recently commented on HUN. Royal Bank of Canada upped their price target on Huntsman from $20.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, February 23rd. The Goldman Sachs Group increased their price objective on Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Tuesday, March 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $28.00 price objective on shares of Huntsman in a research report on Monday, December 11th. Stifel Nicolaus cut their price objective on Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company upgraded Huntsman from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $32.00 in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.55.

Check Out Our Latest Stock Report on HUN

Huntsman Stock Performance

The stock has a 50-day simple moving average of $25.07 and a 200-day simple moving average of $24.59. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 49.04 and a beta of 1.12. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.48.

Huntsman (NYSE:HUNGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. Huntsman had a net margin of 1.65% and a return on equity of 1.92%. The business’s revenue was down 15.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. On average, analysts anticipate that Huntsman Co. will post 0.53 earnings per share for the current year.

Huntsman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.25 per share. This is an increase from Huntsman’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Thursday, March 14th. Huntsman’s dividend payout ratio is presently 188.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HUN. Quadrant Capital Group LLC grew its stake in shares of Huntsman by 93.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 521 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Huntsman in the first quarter worth $30,000. GAMMA Investing LLC bought a new position in shares of Huntsman in the fourth quarter worth $36,000. Montag A & Associates Inc. bought a new position in shares of Huntsman in the fourth quarter worth $45,000. Finally, GeoWealth Management LLC bought a new position in shares of Huntsman in the first quarter worth $49,000. 84.81% of the stock is currently owned by institutional investors.

Huntsman Company Profile

(Get Free Report)

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.

Further Reading

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