KeyCorp reaffirmed their buy rating on shares of Huntsman Corporation (NYSE:HUN) in a research report report published on Friday morning. They currently have a $34.00 price objective on the basic materials company’s stock.

Several other analysts have also recently commented on the stock. ValuEngine upgraded shares of Huntsman Corporation from a buy rating to a strong-buy rating in a research note on Friday. BidaskClub upgraded shares of Huntsman Corporation from a sell rating to a hold rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Huntsman Corporation from a sell rating to a hold rating and set a $29.00 target price for the company in a research report on Thursday, August 10th. Alembic Global Advisors set a $28.00 target price on shares of Huntsman Corporation and gave the stock a buy rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC restated a buy rating and set a $31.00 target price on shares of Huntsman Corporation in a research report on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $29.00.

Huntsman Corporation (NYSE:HUN) traded up 1.20% during mid-day trading on Friday, hitting $26.89. 2,072,799 shares of the stock were exchanged. The company has a 50-day moving average price of $26.31 and a 200-day moving average price of $24.75. The company has a market cap of $6.45 billion, a P/E ratio of 15.24 and a beta of 2.79. Huntsman Corporation has a one year low of $14.16 and a one year high of $28.30.

Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts forecast that Huntsman Corporation will post $2.25 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.86%. Huntsman Corporation’s dividend payout ratio (DPR) is presently 28.41%.

In other news, VP Randy W. Wright sold 56,675 shares of Huntsman Corporation stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the completion of the sale, the vice president now directly owns 66,023 shares in the company, valued at $1,700,752.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Randy W. Wright sold 32,962 shares of Huntsman Corporation stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $25.75, for a total transaction of $848,771.50. Following the sale, the vice president now owns 69,148 shares of the company’s stock, valued at $1,780,561. The disclosure for this sale can be found here. Insiders own 19.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HUN. Mckinley Capital Management LLC Delaware purchased a new stake in Huntsman Corporation in the second quarter valued at approximately $106,000. Harvest Fund Management Co. Ltd purchased a new stake in Huntsman Corporation in the second quarter valued at approximately $109,000. SG Americas Securities LLC purchased a new stake in Huntsman Corporation in the first quarter valued at approximately $122,000. Opera Trading Capital purchased a new stake in Huntsman Corporation in the second quarter valued at approximately $129,000. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in Huntsman Corporation by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 75.89% of the company’s stock.

About Huntsman Corporation

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). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.

Analyst Recommendations for Huntsman Corporation (NYSE:HUN)

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