Huntsman (NYSE:HUN) Given New $24.00 Price Target at Citigroup

Huntsman (NYSE:HUN) had its target price trimmed by Citigroup from $26.00 to $24.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Huntsman from $25.00 to $28.00 and gave the stock a sell rating in a report on Tuesday, March 5th. Royal Bank of Canada upped their target price on shares of Huntsman from $24.00 to $26.00 and gave the company a sector perform rating in a research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upgraded shares of Huntsman from an underweight rating to an overweight rating and upped their target price for the company from $22.00 to $27.00 in a research note on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $27.00.

Huntsman Stock Performance

Shares of HUN stock opened at $22.77 on Thursday. Huntsman has a 12 month low of $22.14 and a 12 month high of $29.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.98. The firm has a market capitalization of $3.94 billion, a P/E ratio of -43.79 and a beta of 1.07. The company’s fifty day moving average price is $24.20 and its two-hundred day moving average price is $24.66.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business posted $0.20 EPS. The firm’s revenue was down 8.5% compared to the same quarter last year. On average, research analysts anticipate that Huntsman will post 0.4 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, June 14th. Huntsman’s dividend payout ratio is presently -192.31%.

Institutional Investors Weigh In On Huntsman

Institutional investors have recently modified their holdings of the business. Boston Partners bought a new position in Huntsman in the 1st quarter worth about $793,000. EMC Capital Management bought a new position in Huntsman in the 1st quarter worth about $268,000. Jacobs Levy Equity Management Inc. grew its position in Huntsman by 14.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,250,526 shares of the basic materials company’s stock worth $58,581,000 after purchasing an additional 281,155 shares during the last quarter. Bayesian Capital Management LP bought a new position in Huntsman in the 1st quarter worth about $1,011,000. Finally, Price T Rowe Associates Inc. MD grew its position in Huntsman by 9.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,408,592 shares of the basic materials company’s stock worth $62,697,000 after purchasing an additional 203,396 shares during the last quarter. Institutional investors 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.