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

Shares of Huntsman Co. (NYSE:HUN - Get Free Report) have earned a consensus recommendation of "Reduce" from the ten analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $15.00.

HUN has been the subject of several research reports. Royal Bank of Canada reduced their price objective on Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a report on Monday, May 5th. Morgan Stanley reduced their price objective on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Citigroup lowered their price objective on Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Bank of America downgraded Huntsman from a "buy" rating to a "neutral" rating and lowered their price target for the company from $22.00 to $15.00 in a report on Tuesday, April 15th. Finally, UBS Group dropped their price target on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th.

Institutional Trading of Huntsman

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC boosted its position in shares of Huntsman by 177.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 1,395 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Huntsman by 74.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock worth $40,000 after buying an additional 956 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Huntsman by 1,717.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 3,075 shares during the period. Zions Bancorporation National Association UT bought a new position in Huntsman in the 1st quarter worth $53,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Huntsman during the 4th quarter worth about $60,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Trading Down 2.0%

HUN stock traded down $0.24 during midday trading on Thursday, hitting $11.80. 2,563,140 shares of the company's stock were exchanged, compared to its average volume of 2,685,440. Huntsman has a 1-year low of $10.75 and a 1-year high of $25.12. The business has a 50-day simple moving average of $12.40 and a two-hundred day simple moving average of $15.73. The stock has a market capitalization of $2.05 billion, a PE ratio of -10.73 and a beta of 0.73. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, meeting analysts' consensus estimates of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business posted ($0.06) EPS. The business's revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts predict that Huntsman will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 8.47%. Huntsman's dividend payout ratio is currently -109.89%.

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.