Huntsman (NYSE:HUN) Price Target Raised to $18.00

Huntsman (NYSE:HUN) had its price objective upped by Royal Bank of Canada from $17.00 to $18.00 in a research report released on Thursday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the basic materials company’s stock.

Several other research firms have also weighed in on HUN. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. Morgan Stanley cut their price target on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. UBS Group cut their price target 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. JPMorgan Chase & Co. cut their price target on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company cut their price target on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.63.

Huntsman Stock Down 0.9 %

Huntsman stock opened at $17.63 on Thursday. The company’s 50 day simple moving average is $17.39 and its 200 day simple moving average is $20.09. Huntsman has a fifty-two week low of $15.67 and a fifty-two week high of $27.01. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of -16.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. As a group, sell-side analysts anticipate that Huntsman will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date is Friday, March 14th. Huntsman’s dividend payout ratio is presently -90.91%.

Institutional Trading of Huntsman

A number of institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Huntsman by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock worth $686,000 after purchasing an additional 674 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Huntsman by 74.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock worth $40,000 after buying an additional 956 shares during the last quarter. Shayne & Jacobs LLC increased its holdings in Huntsman by 1.2% during the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock worth $2,282,000 after buying an additional 1,140 shares during the last quarter. Larson Financial Group LLC increased its holdings in Huntsman by 14.4% during the third quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company’s stock worth $224,000 after buying an additional 1,163 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Huntsman by 4.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company’s stock worth $571,000 after buying an additional 1,212 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

About Huntsman

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.