Analysts Set Huntsman Corporation (NYSE:HUN) PT at $12.06

Key Points

• Huntsman Corporation has received a consensus recommendation of "Hold" from ten analysts, with one sell rating, eight hold ratings, and one buy rating, leading to an average 12-month price objective of $12.06.
• Several hedge funds have significantly increased their positions in Huntsman, with Wealth Enhancement Advisory Services LLC boosting its holdings by 898.5% in the first quarter.
• The company reported a loss of $0.20 EPS in its latest quarterly earnings, missing analysts' expectations, and experienced a 7.4% decline in revenue year-over-year.

Shares of Huntsman Corporation (NYSE:HUN - Get Free Report) have received a consensus recommendation of "Hold" from the ten brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.0556.

Several research firms recently weighed in on HUN. Wall Street Zen lowered Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada dropped their target price on Huntsman from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Monday, August 4th. The Goldman Sachs Group dropped their target price on Huntsman from $12.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, August 7th. UBS Group dropped their target price on Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 9th. Finally, Citigroup decreased their price target on Huntsman from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, August 4th.

Institutional Trading of Huntsman

Several large investors have recently made changes to their positions in HUN. Hexagon Capital Partners LLC boosted its stake in shares of Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock worth $34,000 after acquiring an additional 1,395 shares in the last quarter. IFP Advisors Inc boosted its stake in Huntsman by 197.6% during the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 2,431 shares during the period. Byrne Asset Management LLC bought a new stake in Huntsman during the 2nd quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd boosted 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 valued at $51,000 after purchasing an additional 3,075 shares during the period. Finally, Zions Bancorporation National Association UT bought a new stake in Huntsman during the 1st quarter valued at approximately $53,000. Institutional investors own 84.81% of the company's stock.

Huntsman Trading Up 2.6%

Shares of Huntsman stock traded up $0.28 on Tuesday, reaching $11.17. 1,474,252 shares of the company were exchanged, compared to its average volume of 3,919,182. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -5.72 and a beta of 0.70. Huntsman has a fifty-two week low of $8.91 and a fifty-two week high of $25.12. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $10.60 and a 200-day moving average price of $12.87.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The business had revenue of $1.46 billion for 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 quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, analysts expect that Huntsman will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Monday, September 15th. Huntsman's dividend 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.