Shares of Huntsman Co. (NYSE:HUN) have been given a consensus rating of “Buy” by the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $38.18.
A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Huntsman from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $38.00 price objective on shares of Huntsman in a report on Wednesday, August 1st. Seaport Global Securities initiated coverage on Huntsman in a report on Friday, August 24th. They set a “buy” rating on the stock. UBS Group upped their target price on Huntsman from $41.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, May 29th. Finally, ValuEngine lowered Huntsman from a “hold” rating to a “sell” rating in a report on Saturday, September 1st.
Shares of Huntsman stock traded down $0.33 during trading hours on Friday, hitting $29.12. 3,554,971 shares of the company were exchanged, compared to its average volume of 2,698,221. Huntsman has a 1 year low of $26.59 and a 1 year high of $36.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.93 and a quick ratio of 1.58. The stock has a market capitalization of $7.26 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.01 and a beta of 2.73.
Huntsman (NYSE:HUN) last released its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.17. Huntsman had a return on equity of 24.14% and a net margin of 11.92%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. equities research analysts anticipate that Huntsman will post 3.52 EPS for the current year.
Huntsman declared that its board has authorized a stock buyback program on Wednesday, May 23rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the basic materials company to purchase up to 13.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.65 annualized dividend and a yield of 2.23%. Huntsman’s dividend payout ratio (DPR) is presently 26.21%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. purchased a new position in shares of Huntsman in the 2nd quarter worth about $114,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Huntsman in the 2nd quarter worth about $122,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Huntsman in the 1st quarter worth about $123,000. Point72 Asia Hong Kong Ltd raised its holdings in shares of Huntsman by 383.2% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 4,803 shares of the basic materials company’s stock worth $140,000 after purchasing an additional 3,809 shares during the period. Finally, KBC Group NV purchased a new position in shares of Huntsman in the 1st quarter worth about $155,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.
Huntsman Corporation, through its subsidiary, Huntsman International LLC, 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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