Huntsman Co. (NYSE:HUN) has received an average rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $28.56.
Several analysts have weighed in on HUN shares. Nomura raised Huntsman from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $30.00 in a report on Monday. Alembic Global Advisors lowered Huntsman from an “overweight” rating to a “neutral” rating in a report on Monday, December 31st. JPMorgan Chase & Co. lowered Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 target price on the stock. in a report on Wednesday, February 13th. Royal Bank of Canada lowered their target price on Huntsman from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Finally, KeyCorp lowered their target price on Huntsman from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th.
Large investors have recently modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of Huntsman by 30.5% in the 4th quarter. IFP Advisors Inc now owns 2,069 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 484 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Huntsman by 5.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,549 shares of the basic materials company’s stock worth $261,000 after purchasing an additional 677 shares during the last quarter. Lindbrook Capital LLC acquired a new position in shares of Huntsman during the 4th quarter worth about $26,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Huntsman during the 4th quarter worth about $27,000. Finally, First Interstate Bank lifted its position in shares of Huntsman by 215.6% during the 4th quarter. First Interstate Bank now owns 2,200 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 1,503 shares during the last quarter. Institutional investors and hedge funds own 76.46% of the company’s stock.
Huntsman (NYSE:HUN) last posted its earnings results on Tuesday, February 12th. The basic materials company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.15 billion. Huntsman had a net margin of 3.59% and a return on equity of 22.21%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. As a group, sell-side analysts forecast that Huntsman will post 2.81 EPS for the current fiscal year.
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 $0.1625 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.65 annualized dividend and a dividend yield of 2.63%. Huntsman’s dividend payout ratio is currently 19.46%.
Huntsman Company Profile
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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