Huntsman (NYSE:HUN) Sets New 52-Week Low - Time to Sell?

Huntsman Co. (NYSE:HUN - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $10.75 and last traded at $11.40, with a volume of 1696697 shares changing hands. The stock had previously closed at $11.04.

Analysts Set New Price Targets

A number of brokerages have issued reports on HUN. Morgan Stanley reduced their price objective on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Royal Bank of Canada reduced their price objective on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. The Goldman Sachs Group reduced their price objective on shares of Huntsman from $19.00 to $13.50 and set a "sell" rating on the stock in a research report on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $15.00.

Huntsman Stock Up 0.3%

The company's 50-day moving average is $12.71 and its 200 day moving average is $16.00. The company has a market capitalization of $2.00 billion, a PE ratio of -10.47 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.51 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. Huntsman's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. As a group, analysts anticipate that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.68%. The ex-dividend date is Friday, June 13th. Huntsman's dividend payout ratio is currently -109.89%.

Hedge Funds Weigh In On Huntsman

Several hedge funds and other institutional investors have recently bought and sold shares of HUN. Hexagon Capital Partners LLC lifted its stake in 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 acquiring an additional 1,395 shares during the period. Quadrant Capital Group LLC lifted 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 worth $40,000 after purchasing an additional 956 shares during the period. Caitong International Asset Management Co. Ltd lifted 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 worth $51,000 after purchasing an additional 3,075 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of Huntsman in the 1st quarter worth approximately $53,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Huntsman in the 4th quarter worth approximately $60,000. 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.