Huntsman Corp. (HUN) Receives $19.00 Average PT from Analysts
Shares of Huntsman Corp. (NYSE:HUN) have received a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $19.00.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Huntsman Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 18th. Jefferies Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Huntsman Corp. in a research note on Tuesday, September 20th. Finally, Nomura cut their price target on Huntsman Corp. from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, September 20th.
In other Huntsman Corp. news, insider Jon M. Huntsman sold 600,000 shares of the stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $17.27, for a total value of $10,362,000.00. Following the completion of the sale, the insider now directly owns 692,772 shares in the company, valued at $11,964,172.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.68% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in HUN. Strs Ohio acquired a new stake in shares of Huntsman Corp. during the second quarter valued at about $24,210,000. Bank of Montreal Can acquired a new stake in shares of Huntsman Corp. during the second quarter valued at about $268,000. Old Mutual Global Investors UK Ltd. increased its stake in shares of Huntsman Corp. by 3,153.8% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 270,358 shares of the company’s stock valued at $3,636,000 after buying an additional 262,049 shares during the period. Nordea Investment Management AB increased its stake in shares of Huntsman Corp. by 188.0% in the second quarter. Nordea Investment Management AB now owns 40,758 shares of the company’s stock valued at $548,000 after buying an additional 26,607 shares during the period. Finally, Fox Run Management L.L.C. increased its stake in shares of Huntsman Corp. by 95.0% in the second quarter. Fox Run Management L.L.C. now owns 19,700 shares of the company’s stock valued at $265,000 after buying an additional 9,600 shares during the period. Institutional investors own 67.23% of the company’s stock.
Huntsman Corp. (NYSE:HUN) opened at 18.89 on Monday. The firm’s 50-day moving average price is $16.83 and its 200 day moving average price is $15.79. The stock has a market cap of $4.50 billion, a PE ratio of 22.38 and a beta of 2.71. Huntsman Corp. has a 1-year low of $7.46 and a 1-year high of $19.48.
Huntsman Corp. (NYSE:HUN) last issued its quarterly earnings results on Friday, October 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. Huntsman Corp. had a return on equity of 25.26% and a net margin of 2.11%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. Equities research analysts expect that Huntsman Corp. will post $1.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.65%. Huntsman Corp.’s dividend payout ratio (DPR) is currently 58.82%.
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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