UBS Group Cuts Huntsman (NYSE:HUN) Price Target to $11.00

Huntsman (NYSE:HUN - Free Report) had its price objective decreased by UBS Group from $13.00 to $11.00 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the basic materials company's stock.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company lowered shares of Huntsman from an "overweight" rating to a "reduce" rating in a research report on Monday, May 5th. Bank of America lowered shares of Huntsman from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $22.00 to $15.00 in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. The Goldman Sachs Group reduced their price objective on Huntsman from $13.50 to $12.00 and set a "sell" rating for the company in a report on Tuesday. Finally, Morgan Stanley reduced their price objective on Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $14.28.

Huntsman Stock Performance

Shares of HUN stock traded down $0.29 on Wednesday, reaching $11.59. The stock had a trading volume of 442,236 shares, compared to its average volume of 2,857,725. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.53. The firm's 50-day moving average is $11.41 and its two-hundred day moving average is $14.51. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -12.71 and a beta of 0.70. Huntsman has a 12 month low of $10.13 and a 12 month high of $25.12.

Huntsman (NYSE:HUN - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Huntsman had a negative return on equity of 0.65% and a negative net margin of 2.63%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the company posted ($0.06) EPS. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. On average, research analysts expect that Huntsman will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 8.63%. Huntsman's dividend payout ratio (DPR) is presently -109.89%.

Hedge Funds Weigh In On Huntsman

Hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Investments LP increased its stake in Huntsman by 28.6% during the 4th quarter. Two Sigma Investments LP now owns 1,074,347 shares of the basic materials company's stock worth $19,370,000 after acquiring an additional 239,193 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Huntsman by 898.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 167,206 shares of the basic materials company's stock worth $2,640,000 after purchasing an additional 150,461 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Huntsman by 12.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,516 shares of the basic materials company's stock worth $2,096,000 after purchasing an additional 14,812 shares during the period. Twelve Points Wealth Management LLC lifted its position in Huntsman by 51.0% during the first quarter. Twelve Points Wealth Management LLC now owns 115,641 shares of the basic materials company's stock worth $1,826,000 after purchasing an additional 39,035 shares during the period. Finally, Vanguard Group Inc. lifted its position in Huntsman by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock worth $297,171,000 after purchasing an additional 130,702 shares during the period. Institutional investors own 84.81% of the company's stock.

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.