Huntsman Corporation (NYSE:HUN) Receives Average Rating of "Hold" from Brokerages

Key Points

• Huntsman Corporation has received an average rating of "Hold" from eleven analysts, with two sell ratings, seven holds, and two buys.
• The company recently reported a loss of $0.20 earnings per share for its quarterly earnings, missing analysts' estimates, alongside a 7.4% year-over-year revenue decline.
• Huntsman announced a quarterly dividend of $0.25, reflecting a yield of 10.2%, with the ex-dividend date set for September 15th.

Shares of Huntsman Corporation (NYSE:HUN - Get Free Report) have received an average rating of "Hold" from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $12.05.

HUN has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Huntsman from $13.00 to $9.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 5th. Royal Bank Of Canada reduced their price target on Huntsman from $12.00 to $10.00 and set a "sector perform" rating for the company in a research report on Monday, August 4th. Mizuho reiterated an "underperform" rating and set a $9.00 price target (down from $11.00) on shares of Huntsman in a research report on Friday, September 12th. The Goldman Sachs Group reduced their price target on Huntsman from $12.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, August 7th. Finally, Jefferies Financial Group reduced their price target on Huntsman from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th.

Institutional Trading of Huntsman

Several institutional investors have recently bought and sold shares of the business. Yousif Capital Management LLC grew its holdings in Huntsman by 9.7% in the first quarter. Yousif Capital Management LLC now owns 11,004 shares of the basic materials company's stock valued at $174,000 after purchasing an additional 972 shares during the period. Entropy Technologies LP grew its holdings in Huntsman by 6.8% in the first quarter. Entropy Technologies LP now owns 19,434 shares of the basic materials company's stock valued at $307,000 after purchasing an additional 1,239 shares during the period. Gamco Investors INC. ET AL grew its holdings in Huntsman by 1.2% in the first quarter. Gamco Investors INC. ET AL now owns 117,350 shares of the basic materials company's stock valued at $1,853,000 after purchasing an additional 1,350 shares during the period. Hexagon Capital Partners LLC grew its holdings 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. Finally, Quarry LP grew its holdings in Huntsman by 40.3% in the first quarter. Quarry LP now owns 5,034 shares of the basic materials company's stock valued at $79,000 after purchasing an additional 1,445 shares during the period. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Stock Down 4.8%

Shares of HUN stock opened at $9.80 on Friday. The stock's 50-day simple moving average is $10.58 and its 200-day simple moving average is $12.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. The firm has a market capitalization of $1.70 billion, a PE ratio of -5.03 and a beta of 0.65. Huntsman has a fifty-two week low of $8.91 and a fifty-two week high of $25.12.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.05). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. Equities analysts expect that Huntsman will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Monday, September 15th. Huntsman's dividend payout ratio (DPR) is presently -51.28%.

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.

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