Citigroup Cuts Huntsman (NYSE:HUN) Price Target to $14.00

Huntsman (NYSE:HUN) had its target price decreased by Citigroup from $19.00 to $14.00 in a research report sent to investors on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the basic materials company’s stock.

Several other brokerages have also issued reports on HUN. JPMorgan Chase & Co. lowered their target price on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada boosted their price objective on Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Wells Fargo & Company lowered their price target on shares of Huntsman from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Finally, The Goldman Sachs Group cut their price objective on shares of Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.63.

Huntsman Price Performance

HUN opened at $13.38 on Friday. The firm has a market cap of $2.32 billion, a P/E ratio of -12.16 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. Huntsman has a fifty-two week low of $12.46 and a fifty-two week high of $25.98. The firm has a 50-day moving average of $16.76 and a 200 day moving average of $19.06.

Huntsman (NYSE:HUN) last released its earnings results 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 company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. On average, research analysts expect that Huntsman will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date was Friday, March 14th. Huntsman’s dividend payout ratio (DPR) is presently -90.91%.

Institutional Trading of Huntsman

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in Huntsman by 152.7% during the third quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock valued at $2,440,000 after buying an additional 60,072 shares during the period. Captrust Financial Advisors increased its stake in Huntsman by 47.5% in the 3rd quarter. Captrust Financial Advisors now owns 31,263 shares of the basic materials company’s stock worth $757,000 after acquiring an additional 10,064 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Huntsman by 89.4% in the 3rd quarter. Quantinno Capital Management LP now owns 19,037 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 8,988 shares in the last quarter. Systematic Financial Management LP boosted its position in shares of Huntsman by 12.8% during the 3rd quarter. Systematic Financial Management LP now owns 589,206 shares of the basic materials company’s stock valued at $14,259,000 after acquiring an additional 66,688 shares during the last quarter. Finally, State Street Corp increased its position in shares of Huntsman by 2.2% in the third quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock worth $79,905,000 after purchasing an additional 70,382 shares during the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

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.