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 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
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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