Huntsman's (HUN) "Equal Weight" Rating Reaffirmed at Wells Fargo & Company

Wells Fargo & Company reissued their equal weight rating on shares of Huntsman (NYSE:HUN - Free Report) in a report issued on Monday, MarketBeat.com reports. The firm currently has a $13.00 price objective on the basic materials company's stock, down from their previous price objective of $17.00.

HUN has been the subject of a number of other research reports. Bank of America cut shares of Huntsman from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $22.00 to $15.00 in a report on Tuesday, April 15th. UBS Group dropped their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Alembic Global Advisors downgraded Huntsman from an "overweight" rating to a "neutral" rating in a research note on Wednesday, January 15th. Mizuho cut their target price on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada boosted their price target on shares of Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.00.

Huntsman Stock Performance

Shares of Huntsman stock traded up $0.02 during trading on Monday, reaching $12.04. The company's stock had a trading volume of 3,213,079 shares, compared to its average volume of 2,520,639. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. The business's 50-day moving average price is $14.51 and its 200-day moving average price is $17.16. Huntsman has a 52 week low of $11.15 and a 52 week high of $25.78. The firm has a market cap of $2.09 billion, a PE ratio of -10.95 and a beta of 0.82.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The company's revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) EPS. Equities analysts forecast that Huntsman will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 8.31%. Huntsman's payout ratio is -109.89%.

Hedge Funds Weigh In On Huntsman

Several large investors have recently bought and sold shares of the stock. Hexagon Capital Partners LLC increased its stake 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 worth $34,000 after purchasing an additional 1,395 shares during the last quarter. R Squared Ltd bought a new position in shares of Huntsman in the fourth quarter worth approximately $40,000. Quadrant Capital Group LLC raised its position in shares of Huntsman by 74.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after buying an additional 956 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Huntsman during the fourth quarter worth about $60,000. Finally, Versant Capital Management Inc lifted its position in Huntsman by 2,388.4% in the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock worth $64,000 after buying an additional 3,917 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

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.