Huntsman Corporation (NYSE:HUN) Stock Has Average Price Target of $12.23

Key Points

• Analysts maintain a “Hold” consensus on Huntsman, with 9 hold, 3 sell, 1 buy, and 1 strong-buy ratings. The average 12-month price target is $12.23, above the stock’s reported $8.38 price.
• CEO Peter Huntsman purchased 100,000 shares for approximately $981,000, while institutional investors and hedge funds own 84.81% of the company.
• Huntsman shares have declined 2.8% and trade near the lower end of their 52-week range; the company announced a quarterly dividend of $0.0875 per share, representing a 4.2% annualized yield.

Huntsman Corporation (NYSE:HUN - Get Free Report) has earned a consensus rating of "Hold" from the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $12.23.

A number of brokerages have commented on HUN. Citigroup reiterated a "hold" rating and issued a $11.00 price objective on shares of Huntsman in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $11.00 price objective on shares of Huntsman in a research report on Thursday, August 20th. Weiss Ratings cut Huntsman from a "sell (d)" rating to a "sell (d-)" rating in a research report on Monday, August 3rd. The Goldman Sachs Group set a $12.00 price target on shares of Huntsman in a research note on Thursday, July 16th. Finally, UBS Group lowered their price target on shares of Huntsman from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, August 3rd.

Insider Buying and Selling at Huntsman

In other Huntsman news, CEO Peter R. Huntsman bought 100,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $9.81 per share, with a total value of $981,000.00. Following the completion of the purchase, the chief executive officer directly owned 7,256,341 shares in the company, valued at $71,184,705.21. The trade was a 1.40% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Huntsman

A number of institutional investors have recently added to or reduced their stakes in HUN. BlackRock Inc. acquired a new stake in Huntsman in the 2nd quarter valued at $193,750,000. Pzena Investment Management LLC acquired a new position in Huntsman during the second quarter worth $54,817,000. Bank of America Corp DE acquired a new position in Huntsman during the second quarter worth $23,596,000. Bank of Nova Scotia bought a new position in shares of Huntsman during the second quarter valued at $11,907,000. Finally, Man Group plc bought a new position in shares of Huntsman during the second quarter valued at $11,485,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Stock Down 2.8%

Shares of HUN opened at $8.38 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. The company has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $12.00. Huntsman has a 52 week low of $7.30 and a 52 week high of $16.08. The firm has a market capitalization of $1.47 billion, a P/E ratio of -8.06 and a beta of 0.70.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, September 15th. Huntsman's payout ratio is -33.65%.

About Huntsman

Huntsman Corporation NYSE: HUN is a global manufacturer of differentiated chemicals and performance materials. The company supplies products used in construction, automotive, aerospace, electronics, energy, coatings, adhesives, footwear, and other industrial and consumer applications.

Huntsman's principal offerings include polyurethane systems and polyurethane intermediates, epoxy and other advanced-materials solutions, amines, maleic anhydride, and specialty chemicals. Its materials are used to produce insulation, composites, coatings, adhesives, elastomers, and other products designed to improve durability, energy efficiency, weight, and performance.

Founded in 1970 by Jon M.

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