Somewhat Positive Press Coverage Somewhat Unlikely to Impact Huntsman (HUN) Share Price
Press coverage about Huntsman (NYSE:HUN) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Huntsman earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.9176941284882 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Top Ranked Value Stocks to Buy for December 29th (finance.yahoo.com)
- Minehead Harriers confirm 10-year-old horse ‘in the prime of her life’ died at Boxing Day hunt in Somerset (somersetlive.co.uk)
- Huntswoman declares: “If I was going to die, I’d like to die like that” as horse drops dead on Boxing Day hunt – Mirror.co.uk (mirror.co.uk)
- ‘This is the end for you. It is your time’: Petrified woman asks the internet for advice after finding a giant … – Daily Mail (dailymail.co.uk)
- Critical Review: AdvanSix (ASIX) & Huntsman (HUN) (americanbankingnews.com)
Shares of Huntsman (NYSE:HUN) traded down $0.13 on Friday, reaching $33.29. The company’s stock had a trading volume of 995,474 shares, compared to its average volume of 3,631,682. The stock has a market capitalization of $8,001.87, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.52 and a beta of 2.85. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. Huntsman has a 1-year low of $18.93 and a 1-year high of $33.79.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, December 14th. Huntsman’s dividend payout ratio is currently 23.47%.
Several brokerages have recently commented on HUN. Instinet reissued a “buy” rating and set a $34.00 price objective (up previously from $30.00) on shares of Huntsman in a report on Wednesday, September 20th. SunTrust Banks reissued a “buy” rating and set a $32.00 price objective on shares of Huntsman in a report on Friday, October 27th. They noted that the move was a valuation call. Wells Fargo & Co raised Huntsman from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $30.00 to $32.00 in a report on Thursday, September 28th. UBS Group boosted their price objective on Huntsman from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Finally, Goldman Sachs Group reissued a “hold” rating and set a $36.00 price objective on shares of Huntsman in a report on Monday, December 4th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $33.00.
In other news, VP J Kimo Esplin sold 428,571 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $31.54, for a total transaction of $13,517,129.34. Following the completion of the sale, the vice president now owns 925,271 shares of the company’s stock, valued at $29,183,047.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Jon M. Huntsman sold 383,610 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $31.58, for a total value of $12,114,403.80. Following the sale, the chairman now directly owns 115,206 shares of the company’s stock, valued at approximately $3,638,205.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,061,783 shares of company stock valued at $512,316,794. 19.00% of the stock is owned by insiders.
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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.
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