Bank of America downgraded shares of Huntsman (NYSE:HUN – Free Report) from a buy rating to a neutral rating in a research report released on Tuesday, Marketbeat Ratings reports. They currently have $15.00 target price on the basic materials company’s stock, down from their prior target price of $22.00.
HUN has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company decreased their target price on shares of Huntsman from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Mizuho cut their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group reduced their price target on Huntsman from $22.00 to $19.00 and set a “sell” rating on the stock in a research note on Wednesday, March 5th. Finally, Citigroup dropped their target price on Huntsman from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.67.
View Our Latest Report on Huntsman
Huntsman Stock Up 1.4 %
Huntsman (NYSE:HUN – Get Free Report) last announced its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. As a group, equities research analysts predict that Huntsman will post 0.32 earnings per share for the current fiscal year.
Huntsman Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.68%. The ex-dividend date of this dividend was Friday, March 14th. Huntsman’s dividend payout ratio is currently -90.91%.
Institutional Trading of Huntsman
Institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Huntsman in the fourth quarter worth $40,000. Quadrant Capital Group LLC increased its holdings in Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 956 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Huntsman in the fourth quarter valued at about $60,000. Versant Capital Management Inc lifted its stake in shares of Huntsman by 2,388.4% during the first quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 3,917 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Huntsman in the fourth quarter worth about $65,000. 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.
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