Brokerages Set Huntsman Corporation (NYSE:HUN) PT at $13.17

Key Points

• Huntsman Corporation has received a consensus rating of "Reduce" from ten analysts, with two sell ratings, seven holds, and one buy.
• The stock's average 1-year price target among analysts is $13.17, down from previous estimates by various firms.
• Huntsman reported (-$0.20) EPS for the last quarter, missing estimates and showing a 7.4% year-over-year revenue decline.

Shares of Huntsman Corporation (NYSE:HUN - Get Free Report) have received an average recommendation of "Reduce" from the ten ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $13.17.

A number of analysts recently weighed in on the company. Bank of America downgraded Huntsman from a "buy" rating to a "neutral" rating and decreased their price target for the company from $22.00 to $15.00 in a research note on Tuesday, April 15th. UBS Group reduced their price objective on Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 9th. The Goldman Sachs Group dropped their target price on Huntsman from $13.50 to $12.00 and set a "sell" rating for the company in a research note on Tuesday, July 8th. Citigroup reiterated a "neutral" rating and issued a $11.00 target price (down from $12.00) on shares of Huntsman in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada cut 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HUN. Vanguard Group Inc. lifted its position in shares of Huntsman by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock worth $297,171,000 after buying an additional 130,702 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Huntsman by 345.7% in the first quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company's stock worth $151,982,000 after buying an additional 7,699,922 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Huntsman by 7.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company's stock worth $96,407,000 after buying an additional 419,009 shares during the last quarter. Invesco Ltd. lifted its position in shares of Huntsman by 1.3% in the first quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company's stock worth $95,751,000 after buying an additional 75,097 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its position in shares of Huntsman by 9.3% in the second quarter. Pzena Investment Management LLC now owns 5,310,768 shares of the basic materials company's stock worth $55,338,000 after buying an additional 451,761 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Stock Performance

HUN traded down $0.49 during trading on Friday, hitting $9.21. 9,365,625 shares of the stock were exchanged, compared to its average volume of 4,663,157. The firm has a market capitalization of $1.60 billion, a P/E ratio of -4.72 and a beta of 0.70. Huntsman has a 1-year low of $9.02 and a 1-year high of $25.12. The stock has a fifty day moving average price of $11.05 and a two-hundred day moving average price of $13.81. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.53.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative return on equity of 2.45% and a negative net margin of 5.75%. The company's quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. As a group, sell-side analysts predict that Huntsman will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 10.9%. Huntsman's payout ratio is -51.28%.

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.