Huntsman Corp. (NYSE:HUN) Given Average Rating of “Buy” by Brokerages
Huntsman Corp. (NYSE:HUN) has been assigned an average recommendation of “Buy” from the eight brokerages that are currently covering the firm. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $17.60.
A number of analysts have weighed in on the company. Jefferies Group reiterated a “buy” rating on shares of Huntsman Corp. in a research note on Thursday, August 4th. Citigroup Inc. increased their price target on Huntsman Corp. from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. Zacks Investment Research raised Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, July 1st. Finally, Nomura dropped their price target on Huntsman Corp. from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, September 20th.
A number of large investors have recently modified their holdings of the stock. Scopia Capital Management LP increased its stake in shares of Huntsman Corp. by 39.7% in the first quarter. Scopia Capital Management LP now owns 14,807,467 shares of the company’s stock worth $196,939,000 after buying an additional 4,210,142 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Huntsman Corp. by 151.1% in the first quarter. BlackRock Fund Advisors now owns 5,278,412 shares of the company’s stock worth $70,203,000 after buying an additional 3,176,013 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Huntsman Corp. by 663.6% in the first quarter. JPMorgan Chase & Co. now owns 2,520,325 shares of the company’s stock worth $33,520,000 after buying an additional 2,190,251 shares during the last quarter. Strs Ohio bought a new stake in shares of Huntsman Corp. during the second quarter worth $24,210,000. Finally, Victory Capital Management Inc. increased its stake in shares of Huntsman Corp. by 277.1% in the second quarter. Victory Capital Management Inc. now owns 1,808,933 shares of the company’s stock worth $24,330,000 after buying an additional 1,329,199 shares during the last quarter. 67.25% of the stock is currently owned by institutional investors.
Shares of Huntsman Corp. (NYSE:HUN) traded down 0.505% during mid-day trading on Monday, hitting $16.755. 2,108,559 shares of the stock were exchanged. The stock’s 50 day moving average is $16.20 and its 200 day moving average is $15.19. The firm has a market cap of $3.99 billion, a P/E ratio of 19.994 and a beta of 2.65. Huntsman Corp. has a 12 month low of $7.46 and a 12 month high of $18.12.
Huntsman Corp. (NYSE:HUN) last released its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the firm posted $0.63 earnings per share. The business’s revenue was down 7.2% compared to the same quarter last year. Analysts expect that Huntsman Corp. will post $1.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors 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 2.97%. The ex-dividend date was Tuesday, September 13th. Huntsman Corp.’s payout ratio is currently 59.52%.
About Huntsman Corp.
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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