Huntsman Co. (NYSE:HUN) Given Average Recommendation of “Hold” by Brokerages

Huntsman Co. (NYSE:HUN – Get Rating) has received an average recommendation of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $29.33.

Several equities research analysts recently weighed in on HUN shares. StockNews.com started coverage on shares of Huntsman in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Wells Fargo & Company dropped their price objective on shares of Huntsman from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday, April 17th. Bank of America dropped their price objective on shares of Huntsman from $28.00 to $24.00 in a research report on Sunday, May 7th. 58.com reissued a “reiterates” rating on shares of Huntsman in a research report on Tuesday, May 9th. Finally, VNET Group reissued a “maintains” rating on shares of Huntsman in a research report on Tuesday, May 9th.

Institutional Trading of Huntsman

Large investors have recently bought and sold shares of the business. McIlrath & Eck LLC boosted its stake in Huntsman by 84.3% during the 1st quarter. McIlrath & Eck LLC now owns 901 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 412 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Huntsman in the 4th quarter worth $27,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Huntsman in the 1st quarter worth $27,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Huntsman in the 1st quarter worth $30,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Huntsman in the 4th quarter worth $32,000. Institutional investors and hedge funds own 87.57% of the company’s stock.

Huntsman Price Performance

Want More Great Investing Ideas?

Huntsman stock opened at $25.86 on Wednesday. The company’s 50 day simple moving average is $26.56 and its 200-day simple moving average is $28.30. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 3.01 and a beta of 1.12. Huntsman has a 1 year low of $23.53 and a 1 year high of $37.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.27 and a current ratio of 2.08.

Huntsman (NYSE:HUN – Get Rating) last announced its earnings results on Friday, May 5th. The basic materials company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. Huntsman had a net margin of 5.11% and a return on equity of 11.16%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm earned $1.19 EPS. The firm’s revenue for the quarter was down 26.7% on a year-over-year basis. As a group, equities research analysts expect that Huntsman will post 1.47 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Wednesday, June 14th. Huntsman’s dividend payout ratio is currently 48.72%.

About Huntsman

(Get Rating)

Huntsman Corp. engages in the manufacturing of differentiated organic chemical products. It operates through the following segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE.