Huntsman Corporation (NYSE:HUN) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Huntsman, with 10 hold, 3 sell, 1 buy, and 1 strong-buy rating among 15 analysts. The average 12-month price target is $12.83.
• Huntsman shares opened at $10.34, compared with a 52-week range of $7.30 to $16.08, while the company’s market capitalization is approximately $1.81 billion.
• The company declared a quarterly dividend of $0.0875 per share, representing a 3.4% annualized yield, and CEO Peter Huntsman purchased 100,000 shares at an average price of $9.81.

Huntsman Corporation (NYSE:HUN - Get Free Report) has received an average rating of "Hold" from the fifteen analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $12.8333.

Several analysts recently weighed in on HUN shares. Jefferies Financial Group set a $16.00 target price on shares of Huntsman in a report on Friday, July 31st. Morgan Stanley raised their price target on Huntsman from $11.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 5th. Mizuho dropped their price objective on Huntsman from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Wednesday, July 1st. The Goldman Sachs Group set a $12.00 price objective on Huntsman in a report on Thursday, July 16th. Finally, Weiss Ratings cut Huntsman from a "sell (d)" rating to a "sell (d-)" rating in a report on Monday, August 3rd.

Huntsman Price Performance

Huntsman stock opened at $10.34 on Tuesday. The company's 50 day simple moving average is $12.08 and its 200-day simple moving average is $12.74. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. Huntsman has a 1 year low of $7.30 and a 1 year high of $16.08. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -9.94 and a beta of 0.70.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Huntsman's dividend payout ratio is currently -33.65%.

Insider Activity at Huntsman

In other Huntsman news, CEO Peter R. Huntsman acquired 100,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average price of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the acquisition, the chief executive officer owned 7,256,341 shares of the company's stock, valued at approximately $71,184,705.21. This trade represents a 1.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.80% of the company's stock.

Institutional Trading of Huntsman

Several hedge funds have recently modified their holdings of the stock. Lombard Odier Asset Management USA Corp raised its holdings in shares of Huntsman by 6.2% in the 1st quarter. Lombard Odier Asset Management USA Corp now owns 16,868 shares of the basic materials company's stock valued at $225,000 after purchasing an additional 982 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Huntsman by 8.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 13,863 shares of the basic materials company's stock worth $139,000 after purchasing an additional 1,099 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Huntsman by 2.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 44,574 shares of the basic materials company's stock worth $446,000 after purchasing an additional 1,225 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Huntsman by 2.9% during the fourth quarter. Guggenheim Capital LLC now owns 43,022 shares of the basic materials company's stock worth $430,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its holdings in Huntsman by 8.9% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 16,335 shares of the basic materials company's stock valued at $163,000 after buying an additional 1,332 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.

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