Shares of Huntsman Co. (NYSE:HUN - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $10.73 and last traded at $10.80, with a volume of 1439474 shares. The stock had previously closed at $10.90.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Wells Fargo & Company downgraded Huntsman from an "overweight" rating to a "reduce" rating in a report on Monday, May 5th. Royal Bank of Canada decreased their price target on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Monday, May 5th. Citigroup decreased their target price on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Finally, Bank of America cut shares of Huntsman from a "buy" rating to a "neutral" rating and dropped their price target for the company from $22.00 to $15.00 in a research report on Tuesday, April 15th. Three equities 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 company. According to data from MarketBeat.com, Huntsman currently has an average rating of "Hold" and an average target price of $15.00.
Get Our Latest Analysis on Huntsman
Huntsman Stock Performance
The company's fifty day simple moving average is $12.32 and its 200 day simple moving average is $15.50. The stock has a market capitalization of $1.84 billion, a P/E ratio of -9.62 and a beta of 0.72. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48.
Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company earned ($0.06) earnings per share. The firm's quarterly revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.
Huntsman Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date is Friday, June 13th. Huntsman's dividend payout ratio is currently -109.89%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in HUN. Hexagon Capital Partners LLC raised its holdings 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 valued at $34,000 after buying an additional 1,395 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 956 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 valued at $51,000 after purchasing an additional 3,075 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Huntsman in the 1st quarter valued at $53,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Huntsman in the 4th quarter valued at $60,000. Institutional investors own 84.81% of the company's stock.
About Huntsman
(
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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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