Huntsman Co. (NYSE:HUN) Receives Consensus Rating of “Reduce” from Analysts

Huntsman Co. (NYSE:HUN) has been given an average recommendation of “Reduce” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.00.

Several brokerages have recently weighed in on HUN. Citigroup cut their price objective on shares of Huntsman from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. dropped their price target on shares of Huntsman from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Morgan Stanley decreased their price target on shares of Huntsman from $20.00 to $13.50 and set an “equal weight” rating on the stock in a report on Monday, May 5th. StockNews.com raised shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company cut shares of Huntsman from an “overweight” rating to a “reduce” rating in a research report on Monday, May 5th.

Huntsman Trading Up 2.3%

Shares of Huntsman stock opened at $12.67 on Friday. Huntsman has a fifty-two week low of $11.15 and a fifty-two week high of $25.78. The business’s fifty day moving average is $14.03 and its two-hundred day moving average is $16.78. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.20 billion, a PE ratio of -11.52 and a beta of 0.82.

Huntsman (NYSE:HUN) last released its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted ($0.06) earnings per share. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. Analysts anticipate that Huntsman will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.89%. The ex-dividend date is Friday, June 13th. Huntsman’s dividend payout ratio is currently -109.89%.

Institutional Investors Weigh In On Huntsman

Institutional investors have recently modified their holdings of the stock. Dean Capital Management acquired a new position in Huntsman in the first quarter worth about $592,000. Goldman Sachs Group Inc. lifted its holdings in Huntsman by 97.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock worth $33,748,000 after buying an additional 1,052,127 shares during the last quarter. Teza Capital Management LLC grew its position in shares of Huntsman by 39.0% in the 1st quarter. Teza Capital Management LLC now owns 50,870 shares of the basic materials company’s stock worth $803,000 after acquiring an additional 14,262 shares in the last quarter. Seven Six Capital Management LLC bought a new stake in shares of Huntsman in the 1st quarter valued at approximately $2,177,000. Finally, NewEdge Advisors LLC raised its position in shares of Huntsman by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock valued at $892,000 after acquiring an additional 9,720 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

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.