Huntsman (NYSE:HUN) Stock Price Down 4.9% - Here's Why

Key Points

• Hunstman Corporation's stock price dropped by 4.9% on Monday, trading as low as $9.05, with a significant decline in trading volume.
• Multiple analysts have downgraded Huntsman, with UBS lowering its target price from $13.00 to $11.00 and Goldman Sachs reducing it from $12.00 to $10.00.
• The company recently reported a quarterly earnings miss, posting a loss of ($0.20) per share, below the expected loss of ($0.15).

Huntsman Corporation (NYSE:HUN - Get Free Report)'s share price was down 4.9% during trading on Monday . The stock traded as low as $9.05 and last traded at $9.00. Approximately 759,487 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 3,903,802 shares. The stock had previously closed at $9.46.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HUN shares. UBS Group decreased their target price on Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 9th. The Goldman Sachs Group decreased their target price on Huntsman from $12.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday. Wall Street Zen downgraded Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. cut their price target on Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Mizuho cut their price target on Huntsman from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $12.06.

Huntsman Stock Down 4.2%

The firm has a 50 day simple moving average of $10.86 and a two-hundred day simple moving average of $13.47. 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 stock has a market capitalization of $1.58 billion, a P/E ratio of -4.65 and a beta of 0.70.

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

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Monday, September 15th. Huntsman's dividend payout ratio is presently -51.28%.

Institutional Trading of Huntsman

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in Huntsman by 345.7% during the 1st quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company's stock worth $151,982,000 after acquiring an additional 7,699,922 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Huntsman by 7.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company's stock worth $96,407,000 after acquiring an additional 419,009 shares during the period. Invesco Ltd. grew its holdings in Huntsman by 1.3% during the 1st quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company's stock worth $95,751,000 after acquiring an additional 75,097 shares during the period. Pzena Investment Management LLC grew its holdings in Huntsman by 9.3% during the 2nd quarter. Pzena Investment Management LLC now owns 5,310,768 shares of the basic materials company's stock worth $55,338,000 after acquiring an additional 451,761 shares during the period. Finally, Nomura Holdings Inc. grew its holdings in Huntsman by 188.3% during the 4th quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock worth $58,940,000 after acquiring an additional 2,135,000 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

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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