Deutsche Bank Aktiengesellschaft Trims Huntsman (NYSE:HUN) Target Price to $35.00

Huntsman (NYSE:HUNGet Rating) had its target price cut by Deutsche Bank Aktiengesellschaft from $40.00 to $35.00 in a research report released on Wednesday morning, The Fly reports.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company reduced their price target on Huntsman from $42.00 to $35.00 and set an overweight rating on the stock in a research note on Wednesday, June 22nd. StockNews.com cut Huntsman from a strong-buy rating to a buy rating in a research note on Wednesday, June 15th. Bank of America cut Huntsman from a buy rating to an underperform rating and reduced their price target for the stock from $45.00 to $34.00 in a research note on Tuesday, June 14th. Finally, UBS Group cut Huntsman from a buy rating to a neutral rating and set a $40.00 price target on the stock. in a research note on Monday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $43.77.

Huntsman Price Performance

HUN opened at $28.92 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 2.12. Huntsman has a 52-week low of $24.09 and a 52-week high of $41.65. The stock has a market capitalization of $5.82 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The stock’s 50 day moving average price is $30.29 and its 200-day moving average price is $34.43.

Huntsman (NYSE:HUNGet Rating) last posted its earnings results on Tuesday, August 2nd. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.14. Huntsman had a return on equity of 22.23% and a net margin of 13.45%. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. On average, equities research analysts predict that Huntsman will post 4.45 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.94%. Huntsman’s payout ratio is currently 14.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HUN. CWM LLC bought a new position in Huntsman in the fourth quarter valued at about $27,000. Ellevest Inc. lifted its holdings in Huntsman by 369.0% in the first quarter. Ellevest Inc. now owns 802 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 631 shares during the period. Brown Brothers Harriman & Co. bought a new position in Huntsman in the first quarter valued at about $30,000. Orion Capital Management LLC bought a new position in Huntsman in the fourth quarter valued at about $35,000. Finally, Capital Advisors Ltd. LLC bought a new position in Huntsman in the fourth quarter valued at about $38,000. 84.02% of the stock is owned by institutional investors.

Huntsman Company Profile

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Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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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