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

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

Several other analysts have also recently weighed in on HUN. Citigroup cut their price target on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Royal Bank Of Canada cut their price target on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. Wells Fargo & Company cut shares of Huntsman from an "overweight" rating to a "reduce" rating in a report on Monday, May 5th. Morgan Stanley cut their price target on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their target price 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. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Huntsman presently has a consensus rating of "Hold" and a consensus price target of $14.61.

Huntsman Price Performance

Shares of HUN stock traded up $0.33 during trading hours on Wednesday, hitting $11.61. 3,635,326 shares of the company's stock were exchanged, compared to its average volume of 2,847,031. The company has a market capitalization of $2.02 billion, a PE ratio of -12.76 and a beta of 0.70. Huntsman has a 12-month low of $10.13 and a 12-month high of $25.12. The business's 50 day simple moving average is $11.44 and its 200-day simple moving average is $14.55. The company has a current ratio of 1.48, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53.

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

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date of this dividend was Friday, June 13th. Huntsman's payout ratio is -109.89%.

Hedge Funds Weigh In On Huntsman

Hedge funds have recently bought and sold shares of the company. Hexagon Capital Partners LLC raised its position in Huntsman by 177.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock worth $34,000 after buying an additional 1,395 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Huntsman by 74.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 956 shares during the period. Byrne Asset Management LLC bought a new position in shares of 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% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock worth $51,000 after purchasing an additional 3,075 shares during the period. Finally, Zions Bancorporation National Association UT bought a new position in Huntsman in the 1st quarter worth approximately $53,000. 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.