Huntsman (NYSE:HUN) Price Target Cut to $25.00

Huntsman (NYSE:HUN) had its price objective reduced by JPMorgan Chase & Co. from $27.00 to $25.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

Several other research analysts have also issued reports on the company. Royal Bank of Canada upped their target price on Huntsman from $24.00 to $26.00 and gave the company a sector perform rating in a research report on Tuesday, May 7th. Wells Fargo & Company cut their price objective on Huntsman from $28.00 to $26.00 and set an overweight rating on the stock in a report on Wednesday. Citigroup reduced their price target on shares of Huntsman from $26.00 to $24.00 and set a neutral rating for the company in a research report on Thursday, June 27th. Finally, UBS Group dropped their target price on Huntsman from $23.00 to $22.00 and set a neutral rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $25.56.

Huntsman Stock Down 0.1 %

Shares of NYSE HUN traded down $0.02 during midday trading on Wednesday, reaching $20.28. 1,577,412 shares of the company’s stock traded hands, compared to its average volume of 1,937,912. The company has a market cap of $3.51 billion, a price-to-earnings ratio of -39.00 and a beta of 1.01. Huntsman has a one year low of $19.97 and a one year high of $28.96. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49. The stock’s 50 day simple moving average is $22.90 and its 200-day simple moving average is $24.21.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. On average, analysts predict that Huntsman will post 0.33 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Friday, September 13th. Huntsman’s dividend payout ratio is presently -192.31%.

Hedge Funds Weigh In On Huntsman

A number of hedge funds have recently made changes to their positions in HUN. Edgestream Partners L.P. lifted its stake in Huntsman by 78.5% in the 2nd quarter. Edgestream Partners L.P. now owns 58,526 shares of the basic materials company’s stock worth $1,333,000 after purchasing an additional 25,741 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Huntsman by 12.3% during the second quarter. Quantbot Technologies LP now owns 207,754 shares of the basic materials company’s stock valued at $4,731,000 after acquiring an additional 22,749 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Huntsman by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,304 shares of the basic materials company’s stock valued at $2,079,000 after acquiring an additional 4,521 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Huntsman by 9,699.1% in the 2nd quarter. Headlands Technologies LLC now owns 10,387 shares of the basic materials company’s stock worth $237,000 after acquiring an additional 10,281 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of Huntsman by 333.8% during the 2nd quarter. Quest Partners LLC now owns 35,792 shares of the basic materials company’s stock worth $815,000 after purchasing an additional 27,542 shares during the period. Institutional investors and hedge funds 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.