Huntsman Co. (NYSE:HUN) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totalling 3,870,000 shares, an increase of 30.3% from the October 15th total of 2,970,000 shares. Based on an average daily volume of 1,720,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.0% of the shares of the stock are short sold.
NYSE HUN opened at $24.40 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.56 and a debt-to-equity ratio of 0.46. Huntsman has a 52 week low of $12.23 and a 52 week high of $26.58. The stock has a market capitalization of $5.38 billion, a PE ratio of 5.50, a price-to-earnings-growth ratio of 6.22 and a beta of 1.71. The firm has a 50 day moving average of $24.32 and a two-hundred day moving average of $20.61.
Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, October 29th. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.25 by $0.07. Huntsman had a net margin of 16.55% and a return on equity of 5.27%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The firm's revenue was down 10.5% on a year-over-year basis. On average, equities research analysts expect that Huntsman will post 0.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, December 14th. Huntsman's payout ratio is 42.48%.
Several institutional investors have recently modified their holdings of HUN. Private Advisor Group LLC purchased a new position in Huntsman during the 2nd quarter worth $27,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Huntsman during the third quarter valued at approximately $35,000. Twin Tree Management LP purchased a new stake in shares of Huntsman during the second quarter valued at approximately $43,000. WASHINGTON TRUST Co purchased a new stake in shares of Huntsman during the second quarter valued at approximately $46,000. Finally, CI Investments Inc. bought a new stake in shares of Huntsman in the third quarter worth $47,000. Institutional investors and hedge funds own 75.43% of the company's stock.
Several brokerages have recently issued reports on HUN. Scotiabank upgraded shares of Huntsman from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the company from $22.00 to $29.00 in a research report on Friday, October 30th. Morgan Stanley raised shares of Huntsman from an "equal weight" rating to an "overweight" rating and set a $26.00 target price on the stock in a research note on Tuesday, September 29th. The Goldman Sachs Group lifted their target price on shares of Huntsman from $21.00 to $25.00 and gave the stock a "conviction-buy" rating in a research note on Monday, August 31st. TheStreet raised shares of Huntsman from a "c" rating to a "b-" rating in a research note on Tuesday, November 3rd. Finally, KeyCorp lifted their target price on shares of Huntsman from $29.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, October 30th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of "Buy" and a consensus price target of $23.61.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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7 Valuable China Stocks That May Get Delisted
As if investors didn’t have enough to think about in 2020, tensions between the United States and China are continuing to flare up. One of the issues, of course, is the “what did they know and when did they know it” events surrounding the novel coronavirus. There are also issues surrounding global supply chains and the fate of 5G networking.
But another issue that should be drawing the concern of investors is the threat of Chinese stocks being delisted from American exchanges. On Friday, June 26 Luckin Coffee was delisted from the NASDAQ. The company had been in hot water since reports early this year that it had credited itself with thousands of phantom sales.
But that isn’t the reason for the delisting. The reality is that Chinese companies don’t abide by the same agreed upon accounting standards as American companies. And that can make it harder for investors to get an accurate picture of what is going on with their business at a given moment.
However, like most issues between the two countries, it’s not as simple as that. There are Chinese companies that are considering voluntarily and unilaterally removing themselves from American exchanges and list on the Hong Kong or Shanghai exchanges.
While neither of these moves would mean that U.S. investors would be prohibited from trading these stocks, it could make it more difficult.
U.S. relations with China will be an issue during this election year, and likely beyond. It would be well worth your time and attention to pay careful attention to your current or planned exposure to these China stocks.
View the "7 Valuable China Stocks That May Get Delisted".