Analysts Set Huntsman Corporation (NYSE:HUN) PT at $13.67

Shares of Huntsman Corporation (NYSE:HUN) have been given a consensus rating of “Hold” by the fifteen research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $13.6667.

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their target price on Huntsman from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $15.00 price target on shares of Huntsman in a report on Tuesday, May 19th. Weiss Ratings upgraded shares of Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Mizuho decreased their price objective on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Finally, Citigroup increased their price objective on shares of Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th.

Huntsman Stock Up 0.2%

Huntsman stock opened at $11.82 on Friday. Huntsman has a 12 month low of $7.30 and a 12 month high of $16.08. The stock has a fifty day simple moving average of $13.08 and a two-hundred day simple moving average of $12.71. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -6.16 and a beta of 0.69.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company posted ($0.11) earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts predict that Huntsman will post -0.21 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.0875 per share. The ex-dividend date was Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a yield of 3.0%. Huntsman’s payout ratio is currently -18.23%.

Institutional Trading of Huntsman

Several large investors have recently modified their holdings of HUN. Vanguard Group Inc. boosted its position in Huntsman by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock worth $178,809,000 after purchasing an additional 1,523,590 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Huntsman by 29.8% during the 3rd quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock valued at $106,878,000 after purchasing an additional 2,772,563 shares during the last quarter. UBS Group AG increased its position in shares of Huntsman by 83.5% during the 3rd quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock valued at $66,131,000 after purchasing an additional 3,351,265 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Huntsman by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,969,687 shares of the basic materials company’s stock worth $69,697,000 after purchasing an additional 336,966 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Huntsman by 16.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,950,777 shares of the basic materials company’s stock worth $92,509,000 after purchasing an additional 1,003,187 shares during the period. Institutional investors own 84.81% of the company’s stock.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.