Huntsman (NYSE:HUN) Price Target Cut to $18.00 by Analysts at UBS Group

Huntsman (NYSE:HUN) had its price target reduced by UBS Group from $27.00 to $18.00 in a research report report published on Monday, BenzingaRatingsTable reports. They currently have a buy rating on the basic materials company’s stock.

Several other equities research analysts also recently weighed in on HUN. JPMorgan Chase & Co. lowered their price target on Huntsman from $21.00 to $14.00 and set a neutral rating for the company in a report on Wednesday, March 18th. Bank of America assumed coverage on Huntsman in a report on Wednesday, January 15th. They issued a buy rating and a $27.00 price target for the company. Scotiabank assumed coverage on Huntsman in a report on Wednesday, March 18th. They issued a sector perform rating and a $22.00 price target for the company. Wells Fargo & Co lowered their price target on Huntsman from $27.00 to $20.00 and set an overweight rating for the company in a report on Tuesday, March 17th. Finally, Cfra lowered their price target on Huntsman from $21.00 to $20.00 and set a sell rating for the company in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Huntsman currently has an average rating of Buy and a consensus price target of $22.01.

HUN traded up $0.45 on Monday, hitting $15.65. The company had a trading volume of 2,801,900 shares, compared to its average volume of 2,606,412. The stock has a fifty day moving average price of $18.27 and a 200-day moving average price of $21.78. Huntsman has a 12-month low of $12.23 and a 12-month high of $25.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.41 and a current ratio of 1.87. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 1.81 and a beta of 2.26.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a return on equity of 14.86% and a net margin of 7.42%. The company’s quarterly revenue was down 25.9% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. Analysts forecast that Huntsman will post 1.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Thursday, March 12th. Huntsman’s dividend payout ratio (DPR) is 42.48%.

In other news, CFO Sean Douglas bought 3,125 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average price of $16.00 per share, with a total value of $50,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 155,360 shares of the company’s stock, valued at approximately $2,485,760. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Anthony P. Hankins bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of $16.18 per share, with a total value of $32,360.00. Following the acquisition, the chief executive officer now directly owns 510,366 shares of the company’s stock, valued at $8,257,721.88. The disclosure for this purchase can be found here. Insiders have purchased 44,625 shares of company stock valued at $789,217 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in Huntsman by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 3,790,867 shares of the basic materials company’s stock valued at $91,587,000 after acquiring an additional 210,153 shares during the period. Anchor Capital Advisors LLC lifted its holdings in Huntsman by 68.2% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,360,581 shares of the basic materials company’s stock valued at $81,192,000 after acquiring an additional 1,362,356 shares during the period. State Street Corp lifted its holdings in Huntsman by 0.3% in the fourth quarter. State Street Corp now owns 3,055,872 shares of the basic materials company’s stock valued at $73,830,000 after acquiring an additional 7,788 shares during the period. Norges Bank acquired a new position in Huntsman in the fourth quarter valued at approximately $64,016,000. Finally, Eagle Asset Management Inc. lifted its holdings in Huntsman by 0.6% in the fourth quarter. Eagle Asset Management Inc. now owns 2,582,330 shares of the basic materials company’s stock valued at $62,389,000 after acquiring an additional 16,455 shares during the period. 76.48% of the stock is owned by institutional investors.

About Huntsman

Huntsman Corporation 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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Analyst Recommendations for Huntsman (NYSE:HUN)

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