Brokerages Set Huntsman Co. (NYSE:HUN) PT at $26.55

Shares of Huntsman Co. (NYSE:HUN) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $26.55.

A number of equities analysts recently issued reports on HUN shares. Wells Fargo & Company raised Huntsman from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $32.00 in a report on Friday, February 23rd. Royal Bank of Canada increased their price objective on Huntsman from $20.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, February 23rd. Stifel Nicolaus decreased their price objective on Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, The Goldman Sachs Group upped their target price on Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Tuesday, March 5th.

Huntsman Stock Up 0.0 %

NYSE:HUN opened at $23.73 on Friday. The firm has a market capitalization of $4.10 billion, a PE ratio of 44.76 and a beta of 1.12. The stock has a 50 day moving average of $25.20 and a 200-day moving average of $24.62. Huntsman has a 52 week low of $22.14 and a 52 week high of $29.90. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.48.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). Huntsman had a return on equity of 1.92% and a net margin of 1.65%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $0.04 earnings per share. The business’s quarterly revenue was down 15.0% compared to the same quarter last year. Analysts predict that Huntsman will post 0.47 EPS for the current year.

Huntsman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Huntsman’s previous quarterly dividend of $0.24. Huntsman’s dividend payout ratio is 188.68%.

Institutional Investors Weigh In On Huntsman

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of Huntsman by 1.6% during the 1st quarter. BlackRock Inc. now owns 13,441,732 shares of the basic materials company’s stock valued at $367,766,000 after acquiring an additional 215,413 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Huntsman by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,214,010 shares of the basic materials company’s stock valued at $256,681,000 after acquiring an additional 210,754 shares during the last quarter. FMR LLC lifted its position in shares of Huntsman by 2.2% during the 3rd quarter. FMR LLC now owns 8,379,307 shares of the basic materials company’s stock valued at $204,455,000 after acquiring an additional 183,734 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Huntsman by 1.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,560,737 shares of the basic materials company’s stock valued at $170,776,000 after purchasing an additional 88,635 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Huntsman by 0.5% in the second quarter. Stifel Financial Corp now owns 5,719,453 shares of the basic materials company’s stock valued at $154,540,000 after purchasing an additional 28,931 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.