Huntsman (NYSE:HUN) Price Target Cut to $19.00 by Analysts at Citigroup

Huntsman (NYSE:HUN) had its price target decreased by Citigroup from $22.00 to $19.00 in a research report released on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the basic materials company’s stock.

HUN has been the topic of several other reports. UBS Group dropped their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Royal Bank of Canada increased their price target on shares of Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company dropped their target price on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.71.

Huntsman Price Performance

Shares of HUN opened at $18.30 on Wednesday. The firm has a fifty day moving average price of $20.85 and a 200 day moving average price of $21.98. The stock has a market cap of $3.17 billion, a PE ratio of -26.52 and a beta of 0.97. Huntsman has a 1-year low of $18.24 and a 1-year high of $27.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. As a group, sell-side analysts anticipate that Huntsman will post 0.09 EPS for the current year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.46%. Huntsman’s dividend payout ratio (DPR) is currently -144.93%.

Insider Buying and Selling at Huntsman

In related news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Huntsman

A number of large investors have recently bought and sold shares of the stock. Matrix Trust Co purchased a new stake in shares of Huntsman in the third quarter valued at $25,000. nVerses Capital LLC raised its stake in Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 2,500 shares during the last quarter. True Wealth Design LLC purchased a new position in Huntsman in the 3rd quarter valued at about $62,000. Innealta Capital LLC acquired a new stake in shares of Huntsman during the 2nd quarter worth about $65,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Huntsman during the third quarter worth about $78,000. 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.