Shares of Huntsman Corp. (NYSE:HUN) have earned a consensus rating of “Buy” from the eight research firms that are covering the firm. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.60.
HUN has been the topic of several recent analyst reports. Jefferies Group reissued a “buy” rating on shares of Huntsman Corp. in a research note on Monday, August 22nd. Zacks Investment Research raised shares of Huntsman Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Nomura reissued a “buy” rating on shares of Huntsman Corp. in a research note on Tuesday, July 12th. Finally, Citigroup Inc. increased their target price on shares of Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, July 15th.
Shares of Huntsman Corp. (NYSE:HUN) opened at 16.27 on Monday. The company’s 50-day moving average is $16.13 and its 200 day moving average is $15.26. Huntsman Corp. has a 1-year low of $7.46 and a 1-year high of $18.12. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 19.42 and a beta of 2.65.
Huntsman Corp. (NYSE:HUN) last announced its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Huntsman Corp. had a net margin of 2.05% and a return on equity of 26.60%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. Equities analysts anticipate that Huntsman Corp. will post $1.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio (DPR) is 59.52%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its position in Huntsman Corp. by 10.3% in the third quarter. Nisa Investment Advisors LLC now owns 85,860 shares of the company’s stock worth $1,397,000 after buying an additional 8,000 shares during the period. Creative Planning increased its position in Huntsman Corp. by 24.8% in the third quarter. Creative Planning now owns 10,325 shares of the company’s stock worth $168,000 after buying an additional 2,055 shares during the period. Algert Global LLC increased its position in Huntsman Corp. by 229.5% in the third quarter. Algert Global LLC now owns 80,389 shares of the company’s stock worth $1,308,000 after buying an additional 55,992 shares during the period. First Mercantile Trust Co. increased its position in Huntsman Corp. by 2.0% in the third quarter. First Mercantile Trust Co. now owns 18,160 shares of the company’s stock worth $295,000 after buying an additional 360 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Huntsman Corp. by 191.1% in the third quarter. BNP Paribas Arbitrage SA now owns 49,205 shares of the company’s stock worth $801,000 after buying an additional 32,301 shares during the period. 67.25% of the stock is currently owned by institutional investors and hedge funds.
Huntsman Corp. Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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