Huntsman Corporation (NYSE:HUN) Receives $15.00 Consensus Target Price from Analysts

Shares of Huntsman Corporation (NYSE:HUN - Get Free Report) have been assigned a consensus rating 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 given a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.83.

Several analysts have commented on HUN shares. Royal Bank Of Canada dropped their price objective on Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. Morgan Stanley dropped their price objective on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. UBS Group decreased their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Wall Street Zen downgraded Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.

Huntsman Stock Performance

Shares of NYSE:HUN traded up $0.60 during trading on Monday, hitting $11.25. The stock had a trading volume of 5,891,982 shares, compared to its average volume of 2,849,895. Huntsman has a 12-month low of $10.13 and a 12-month high of $25.12. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -12.36 and a beta of 0.70. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $11.52 and a two-hundred day simple moving average of $14.59.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The firm 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 0.65% and a negative net margin of 2.63%. Huntsman's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the company earned ($0.06) earnings per share. On average, equities research analysts expect that Huntsman will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date was Friday, June 13th. Huntsman's dividend payout ratio (DPR) is currently -109.89%.

Hedge Funds Weigh In On Huntsman

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC raised its position in Huntsman by 177.9% in the first 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 grew its stake in Huntsman by 74.9% during 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 in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Huntsman by 1,717.9% during 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 in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Huntsman during the 1st quarter worth about $53,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Huntsman during the 4th quarter worth about $60,000. Institutional investors and hedge funds own 84.81% of the company's stock.

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.