Citigroup set a $21.00 price objective on Huntsman (NYSE:HUN) in a research note published on Monday morning, TipRanks reports. The brokerage currently has a hold rating on the basic materials company’s stock.
A number of other equities analysts have also weighed in on the company. ValuEngine lowered Intersect ENT from a buy rating to a hold rating in a research note on Monday, July 8th. Royal Bank of Canada set a €215.00 ($250.00) price objective on Munchener Ruckvers and gave the company a buy rating in a research report on Tuesday, March 19th. KeyCorp lowered Steris from an overweight rating to a sector weight rating in a research report on Tuesday, July 9th. They noted that the move was a valuation call. Jefferies Financial Group reduced their price objective on Huntsman from $33.00 to $30.00 and set a buy rating for the company in a research report on Monday, June 17th. Finally, Goldman Sachs Group raised MICHELIN COMPAG/ADR from a neutral rating to a buy rating in a research report on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Huntsman currently has an average rating of Hold and a consensus target price of $27.90.
Shares of NYSE HUN traded down $0.21 during trading on Monday, reaching $20.29. 1,125,230 shares of the stock traded hands, compared to its average volume of 2,032,500. Huntsman has a 52-week low of $17.33 and a 52-week high of $33.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.83 and a quick ratio of 1.11. The firm has a 50-day moving average of $19.43. The stock has a market cap of $4.72 billion, a PE ratio of 6.07, a P/E/G ratio of 0.89 and a beta of 2.30.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.1625 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.20%. Huntsman’s dividend payout ratio (DPR) is currently 19.46%.
In other news, VP David M. Stryker purchased 2,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average cost of $19.01 per share, for a total transaction of $38,020.00. Following the purchase, the vice president now directly owns 179,930 shares in the company, valued at approximately $3,420,469.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott J. Wright purchased 4,950 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average price of $20.22 per share, for a total transaction of $100,089.00. Following the completion of the purchase, the insider now owns 33,922 shares in the company, valued at $685,902.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 7,950 shares of company stock worth $157,729. Company insiders own 5.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors L.P. purchased a new position in shares of Huntsman in the fourth quarter valued at about $840,000. Commonwealth Bank of Australia increased its holdings in shares of Huntsman by 14.7% in the first quarter. Commonwealth Bank of Australia now owns 161,322 shares of the basic materials company’s stock worth $3,624,000 after purchasing an additional 20,655 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Huntsman by 477.1% in the first quarter. Acadian Asset Management LLC now owns 240,358 shares of the basic materials company’s stock worth $5,405,000 after purchasing an additional 198,706 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of Huntsman by 48.7% in the first quarter. Systematic Financial Management LP now owns 685,936 shares of the basic materials company’s stock worth $15,427,000 after purchasing an additional 224,558 shares during the last quarter. Finally, Stone Ridge Asset Management LLC increased its stake in Huntsman by 71.9% during the fourth quarter. Stone Ridge Asset Management LLC now owns 20,919 shares of the basic materials company’s stock worth $404,000 after acquiring an additional 8,748 shares during the last quarter. Institutional investors own 76.18% of the company’s stock.
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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