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

Key Points

• Huntsman Corporation (NYSE:HUN) reached a new 52-week low at $8.50 amidst significant trading volume of 721,312 shares.
• Analysts have revised their price objectives, with estimates dropping across several firms, including UBS lowering their target from $10.00 to $9.00 and Mizuho from $9.00 to $8.00.
• Huntsman announced a quarterly dividend of $0.25 per share, yielding 12.0%, despite reporting a loss of ($0.20) EPS for the last quarter, missing estimates.

Huntsman Corporation (NYSE:HUN - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $8.51 and last traded at $8.50, with a volume of 721312 shares trading hands. The stock had previously closed at $8.71.

Analysts Set New Price Targets

HUN has been the topic of a number of recent research reports. UBS Group dropped their price objective on shares of Huntsman from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday. Jefferies Financial Group dropped their price objective on shares of Huntsman from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Wednesday, September 10th. The Goldman Sachs Group lowered their target price on shares of Huntsman from $12.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, August 7th. Mizuho lowered their target price on shares of Huntsman from $9.00 to $8.00 and set an "underperform" rating for the company in a research note on Friday, October 3rd. Finally, Wells Fargo & Company lowered their target price on shares of Huntsman from $13.00 to $9.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $11.70.

Huntsman Stock Down 4.5%

The company's 50 day moving average price is $10.04 and its 200 day moving average price is $11.41. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -4.27 and a beta of 0.64.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company's quarterly revenue was down 7.4% on a year-over-year basis. As a group, research analysts forecast that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend was Monday, September 15th. Huntsman's dividend payout ratio (DPR) is -51.28%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its holdings in Huntsman by 177.9% in the first 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. GAMMA Investing LLC increased its holdings in Huntsman by 104.9% in the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company's stock valued at $35,000 after buying an additional 2,015 shares in the last quarter. IFP Advisors Inc increased its holdings in Huntsman by 197.6% in the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company's stock valued at $38,000 after buying an additional 2,431 shares in the last quarter. Byrne Asset Management LLC purchased a new position in Huntsman in the second quarter valued at $44,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Huntsman by 1,717.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock valued at $51,000 after buying an additional 3,075 shares in the last quarter. Hedge funds and other 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.

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