Huntsman (NYSE:HUN) Price Target Cut to $21.00 by Analysts at Mizuho

Huntsman (NYSE:HUN) had its price target lowered by Mizuho from $23.00 to $21.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

A number of other research analysts have also recently issued reports on HUN. UBS Group lowered their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Wells Fargo & Company dropped their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada lowered their price objective on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Thursday, December 19th. Finally, Citigroup reduced their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.75.

Huntsman Price Performance

HUN stock opened at $17.00 on Tuesday. Huntsman has a fifty-two week low of $16.92 and a fifty-two week high of $27.01. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -24.64 and a beta of 0.97. The business’s 50 day moving average price is $19.32 and its two-hundred day moving average price is $21.38. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. As a group, analysts forecast that Huntsman will post 0.09 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.88%. The ex-dividend date was Friday, December 13th. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

Insiders Place Their Bets

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Seven Eight Capital LP lifted its holdings in shares of Huntsman by 3.3% in the second quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company’s stock worth $559,000 after buying an additional 795 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Huntsman by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock valued at $951,000 after purchasing an additional 863 shares in the last quarter. Matrix Trust Co bought a new stake in Huntsman in the third quarter worth $25,000. Shayne & Jacobs LLC raised its stake in Huntsman by 1.2% during the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock valued at $2,282,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Huntsman by 14.4% during the third quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company’s stock valued at $224,000 after purchasing an additional 1,163 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

About Huntsman

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.