UBS Group Cuts Huntsman (NYSE:HUN) Price Target to $9.00

Huntsman (NYSE:HUN) had its price objective reduced by UBS Group from $10.00 to $9.00 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other equities research analysts also recently issued reports on HUN. Bank of America boosted their price target on Huntsman from $10.00 to $11.00 and gave the company an “underperform” rating in a research note on Tuesday, June 30th. KeyCorp initiated coverage on shares of Huntsman in a research report on Friday, September 11th. They set an “overweight” rating and a $14.00 target price for the company. Mizuho decreased their price target on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Jefferies Financial Group dropped their price target on shares of Huntsman from $16.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Finally, The Goldman Sachs Group set a $12.00 price objective on Huntsman in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.46.

Huntsman Stock Performance

HUN stock opened at $8.62 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.78. Huntsman has a 1 year low of $7.30 and a 1 year high of $16.08. The company has a market cap of $1.51 billion, a P/E ratio of -8.29 and a beta of 0.80. The stock’s fifty day moving average price is $9.56 and its 200-day moving average price is $11.86.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.0875 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.1%. Huntsman’s dividend payout ratio is -33.65%.

Insider Activity

In other Huntsman news, CEO Peter R. Huntsman bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average price of $9.81 per share, with a total value of $981,000.00. Following the purchase, the chief executive officer owned 7,256,341 shares of the company’s stock, valued at $71,184,705.21. This trade represents a 1.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Huntsman

Several institutional investors and hedge funds have recently modified their holdings of HUN. BlackRock Inc. bought a new position in shares of Huntsman during the second quarter worth $193,750,000. Dimensional Fund Advisors LP boosted its holdings in shares of Huntsman by 16.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,950,777 shares of the basic materials company’s stock valued at $92,509,000 after purchasing an additional 1,003,187 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of Huntsman by 1.9% during the first quarter. Pzena Investment Management LLC now owns 5,816,359 shares of the basic materials company’s stock valued at $77,416,000 after purchasing an additional 111,181 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Huntsman in the second quarter worth about $23,596,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Huntsman by 236.2% in the fourth quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company’s stock worth $11,826,000 after buying an additional 830,828 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Company Profile

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company serves customers in industries including construction, automotive, aerospace, energy, electronics, coatings, adhesives, and consumer products.

Huntsman’s product portfolio includes polyurethane chemicals such as methylene diphenyl diisocyanate, or MDI, and polyols; performance chemicals including amines and maleic anhydride; and advanced materials such as epoxy-based formulations, adhesives, and composite materials.