Analysts Set Huntsman Corporation (NYSE:HUN) Price Target at $15.00

Huntsman Corporation (NYSE:HUN - Get Free Report) has earned an average rating of "Reduce" from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $14.28.

HUN has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on shares of Huntsman from $13.50 to $12.00 and set a "sell" rating for the company in a report on Tuesday. Citigroup decreased their price target on shares of Huntsman from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Royal Bank Of Canada reduced their target price on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Monday, May 5th. Finally, UBS Group reduced their target price on shares of Huntsman from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday.

Institutional Trading of Huntsman

Several hedge funds have recently modified their holdings of HUN. Bank of New York Mellon Corp increased its holdings in shares of Huntsman by 35.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,376,868 shares of the basic materials company's stock worth $24,825,000 after buying an additional 357,136 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Huntsman during the fourth quarter worth approximately $387,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Huntsman by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock worth $102,529,000 after buying an additional 349,502 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Huntsman during the fourth quarter worth approximately $245,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Huntsman during the fourth quarter valued at approximately $5,475,000. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Stock Up 2.7%

NYSE:HUN traded up $0.31 during trading hours on Monday, reaching $11.89. The company's stock had a trading volume of 6,478,653 shares, compared to its average volume of 2,867,176. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -13.07 and a beta of 0.70. Huntsman has a one year low of $10.13 and a one year high of $25.12. The business's 50-day moving average is $11.41 and its 200-day moving average is $14.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.48 and a quick ratio of 0.82.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.11). The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.51 billion. Huntsman had a negative net margin of 2.63% and a negative return on equity of 0.65%. 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 posted ($0.06) earnings per share. Equities research analysts predict that Huntsman will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.41%. The ex-dividend date was Friday, June 13th. Huntsman's payout ratio is -109.89%.

Huntsman Company Profile

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.