Huntsman (NYSE:HUN) Trading 2.3% Higher

Huntsman Co. (NYSE:HUNGet Free Report)’s stock price rose 2.3% during mid-day trading on Friday . The company traded as high as $24.26 and last traded at $24.25. Approximately 220,426 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,881,485 shares. The stock had previously closed at $23.70.

Analyst Upgrades and Downgrades

HUN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $22.00 to $27.00 in a research note on Friday. Wells Fargo & Company upgraded shares of Huntsman from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $32.00 in a research note on Friday, February 23rd. The Goldman Sachs Group lifted their price target on Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada upped their target price on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntsman presently has an average rating of “Hold” and a consensus price target of $27.18.

View Our Latest Research Report on Huntsman

Huntsman Stock Up 0.3 %

The stock’s fifty day moving average is $24.64 and its 200 day moving average is $24.82. The company has a market capitalization of $4.11 billion, a P/E ratio of -45.73 and a beta of 1.07. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49.

Huntsman (NYSE:HUNGet Free Report) last posted its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm earned $0.20 earnings per share. The business’s revenue was down 8.5% compared to the same quarter last year. Research analysts predict that Huntsman Co. will post 0.41 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Friday, June 14th. Huntsman’s dividend payout ratio is currently -192.31%.

Hedge Funds Weigh In On Huntsman

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC grew its holdings in 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 during the period. GAMMA Investing LLC bought a new position in Huntsman during the fourth quarter valued at approximately $36,000. Montag A & Associates Inc. bought a new position in Huntsman in the fourth quarter worth approximately $45,000. Fidelis Capital Partners LLC bought a new position in Huntsman in the first quarter worth approximately $45,000. Finally, Quarry LP bought a new position in Huntsman in the fourth quarter worth approximately $52,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

About Huntsman

(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.

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