Huntsman Co. (NYSE:HUN) Receives $15.00 Average Price Target from Brokerages

Huntsman Co. (NYSE:HUN - Get Free Report) has earned an average recommendation of "Reduce" from the ten brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $15.00.

A number of research firms recently commented on HUN. Morgan Stanley decreased their price target on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company cut Huntsman from an "overweight" rating to a "reduce" rating in a research note on Monday, May 5th. Wall Street Zen cut Huntsman from a "hold" rating to a "sell" rating in a research note on Wednesday. Citigroup lowered their target price on Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Finally, Bank of America cut Huntsman from a "buy" rating to a "neutral" rating and lowered their target price for the company from $22.00 to $15.00 in a research note on Tuesday, April 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 worth $34,000 after purchasing an additional 1,395 shares during the last quarter. R Squared Ltd bought a new position in shares of Huntsman in the 4th quarter worth $40,000. Quadrant Capital Group LLC boosted its position in shares of Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock worth $40,000 after purchasing an additional 956 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Huntsman by 1,717.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock worth $51,000 after purchasing an additional 3,075 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of Huntsman in the 1st quarter worth $53,000. 84.81% of the stock is currently owned by institutional investors.

Huntsman Price Performance

NYSE HUN traded down $0.23 during trading hours on Friday, reaching $11.40. 2,970,174 shares of the company's stock were exchanged, compared to its average volume of 2,610,708. The stock has a market cap of $1.98 billion, a PE ratio of -10.36 and a beta of 0.82. Huntsman has a one year low of $11.15 and a one year high of $25.42. The firm has a fifty day moving average of $13.50 and a 200-day moving average of $16.48. 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 results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Huntsman's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.06) EPS. On average, equities research analysts predict that Huntsman will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.25 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 8.78%. 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.