Huntsman (NYSE:HUN) Reaches New 1-Year Low Following Analyst Downgrade

Huntsman Co. (NYSE:HUN) shares reached a new 52-week low during mid-day trading on Tuesday after UBS Group lowered their price target on the stock from $24.00 to $23.00. UBS Group currently has a neutral rating on the stock. Huntsman traded as low as $19.90 and last traded at $20.73, with a volume of 152473 shares trading hands. The stock had previously closed at $21.74.

Several other analysts also recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada lifted their price target on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company lowered their price objective on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.88.

Institutional Trading of Huntsman

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Matrix Trust Co bought a new stake in Huntsman during the third quarter worth $25,000. Fidelis Capital Partners LLC acquired a new position in shares of Huntsman in the first quarter valued at approximately $45,000. nVerses Capital LLC raised its holdings in Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock valued at $61,000 after buying an additional 2,500 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Huntsman during the second quarter valued at $65,000. Finally, Capital Performance Advisors LLP acquired a new position in Huntsman during the 3rd quarter worth about $78,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Stock Down 4.6 %

The stock has a 50-day moving average price of $22.74 and a 200-day moving average price of $23.06. The company has a market capitalization of $3.59 billion, a P/E ratio of -41.48 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the business posted $0.15 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. On average, research analysts predict that Huntsman Co. will post 0.19 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.82%. Huntsman’s dividend payout ratio is currently -200.00%.

About Huntsman

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.