Huntsman Co. (NYSE:HUN) – Research analysts at SunTrust Banks decreased their FY2020 earnings per share estimates for shares of Huntsman in a research note issued on Tuesday, January 14th. SunTrust Banks analyst J. Sheehan now forecasts that the basic materials company will earn $2.02 per share for the year, down from their previous estimate of $2.09. SunTrust Banks currently has a “Buy” rating and a $29.00 target price on the stock.
A number of other analysts also recently commented on the company. Alembic Global Advisors upgraded Huntsman from a “neutral” rating to an “overweight” rating in a research report on Monday, September 23rd. UBS Group increased their target price on Huntsman from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Bank of America initiated coverage on Huntsman in a research note on Wednesday. They issued a “buy” rating and a $27.00 target price for the company. TheStreet lowered Huntsman from a “b” rating to a “c+” rating in a research note on Tuesday, October 29th. Finally, BNP Paribas downgraded Huntsman from an “outperform” rating to a “neutral” rating and set a $23.00 price target for the company. in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Huntsman presently has an average rating of “Buy” and an average price target of $25.71.
Huntsman (NYSE:HUN) last released its earnings results on Friday, October 25th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.82 billion. Huntsman had a negative net margin of 0.99% and a positive return on equity of 17.06%. The company’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. boosted its stake in Huntsman by 162.2% during the third quarter. Point72 Asset Management L.P. now owns 2,200,591 shares of the basic materials company’s stock worth $51,186,000 after buying an additional 1,361,317 shares during the period. Invesco Ltd. grew its stake in shares of Huntsman by 37.2% in the second quarter. Invesco Ltd. now owns 3,093,714 shares of the basic materials company’s stock valued at $63,235,000 after buying an additional 838,161 shares in the last quarter. Carillon Tower Advisers Inc. grew its stake in shares of Huntsman by 44.0% in the third quarter. Carillon Tower Advisers Inc. now owns 2,510,914 shares of the basic materials company’s stock valued at $58,404,000 after buying an additional 767,750 shares in the last quarter. Monarch Partners Asset Management LLC acquired a new stake in shares of Huntsman in the third quarter valued at about $11,715,000. Finally, Scout Investments Inc. grew its stake in shares of Huntsman by 42.2% in the fourth quarter. Scout Investments Inc. now owns 1,588,794 shares of the basic materials company’s stock valued at $38,385,000 after buying an additional 471,114 shares in the last quarter. 73.05% of the stock is currently owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Thursday, December 12th. Huntsman’s payout ratio is 19.46%.
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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