Shares of Huntsman Corporation (NYSE:HUN - Get Free Report) fell 8.5% during trading on Thursday . The stock traded as low as $11.10 and last traded at $11.04. 1,634,883 shares were traded during trading, a decline of 56% from the average session volume of 3,697,699 shares. The stock had previously closed at $12.07.
Analyst Ratings Changes
Several brokerages have commented on HUN. The Goldman Sachs Group lowered their price target on Huntsman from $13.50 to $12.00 and set a "sell" rating on the stock in a report on Tuesday, July 8th. JPMorgan Chase & Co. cut their price objective on Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Morgan Stanley cut their price objective on Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a report on Monday, May 5th. UBS Group cut their price objective on Huntsman from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, July 9th. Finally, Wells Fargo & Company cut Huntsman from an "overweight" rating to a "reduce" rating in a report on Monday, May 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.17.
Check Out Our Latest Stock Report on HUN
Huntsman Price Performance
The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 1.48. The company has a 50-day moving average price of $11.30 and a 200-day moving average price of $14.11. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -11.96 and a beta of 0.70.
Huntsman (NYSE:HUN - Get Free Report) last issued 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 0.65% and a negative net margin of 2.63%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm earned ($0.06) EPS. Huntsman's quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts expect that Huntsman Corporation will post 0.32 EPS for the current fiscal year.
Huntsman Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.19%. The ex-dividend date of this dividend was Friday, June 13th. Huntsman's payout ratio is -109.89%.
Institutional Investors Weigh In On Huntsman
A number of institutional investors and hedge funds have recently made changes to their positions in HUN. AQR Capital Management LLC raised its stake in shares of 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 purchasing an additional 7,699,922 shares in the last quarter. Nomura Holdings Inc. increased its holdings in shares of 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 last quarter. Norges Bank acquired a new position in shares of Huntsman during the 4th quarter worth approximately $37,464,000. Deprince Race & Zollo Inc. increased its holdings in shares of Huntsman by 70.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company's stock worth $49,815,000 after acquiring an additional 1,139,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Huntsman by 97.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company's stock worth $33,748,000 after acquiring an additional 1,052,127 shares during the last quarter. Institutional investors own 84.81% of the company's stock.
About Huntsman
(
Get Free Report)
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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