Huntsman Co. (NYSE:HUN) had its price target lifted by stock analysts at Jefferies Group LLC from $24.00 to $27.00 in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the basic materials company’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 10.93% from the company’s current price.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Huntsman from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday. Citigroup Inc raised shares of Huntsman from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.54 to $28.00 in a research note on Monday, April 3rd. Finally, Instinet reissued a “positive” rating and issued a $26.00 price target (up previously from $25.00) on shares of Huntsman in a research note on Tuesday, March 28th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $24.83.
Shares of Huntsman (NYSE:HUN) traded up 2.31% during mid-day trading on Wednesday, reaching $24.34. 3,397,349 shares of the company traded hands. The firm has a 50-day moving average price of $23.30 and a 200 day moving average price of $20.20. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 17.86 and a beta of 2.61. Huntsman has a 52 week low of $12.40 and a 52 week high of $25.22.
Huntsman (NYSE:HUN) last issued its quarterly earnings data on Wednesday, February 15th. The basic materials company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Huntsman had a net margin of 2.11% and a return on equity of 25.26%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. On average, analysts anticipate that Huntsman will post $1.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.05%. Huntsman’s dividend payout ratio is currently 58.82%.
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In related news, VP Russell R. Stolle sold 27,593 shares of Huntsman stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $24.92, for a total value of $687,617.56. Following the sale, the vice president now owns 93,351 shares of the company’s stock, valued at approximately $2,326,306.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Russell R. Stolle sold 59,361 shares of Huntsman stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $21.42, for a total transaction of $1,271,512.62. Following the completion of the sale, the vice president now directly owns 113,098 shares in the company, valued at approximately $2,422,559.16. The disclosure for this sale can be found here. Insiders sold a total of 253,823 shares of company stock worth $5,939,667 in the last three months. 19.68% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Sanders Morris Harris Inc. bought a new stake in Huntsman during the first quarter worth about $3,021,000. Boston Advisors LLC boosted its stake in Huntsman by 34.5% in the first quarter. Boston Advisors LLC now owns 492,156 shares of the basic materials company’s stock worth $12,078,000 after buying an additional 126,232 shares in the last quarter. Bank of Montreal Can boosted its stake in Huntsman by 37.7% in the first quarter. Bank of Montreal Can now owns 1,968,837 shares of the basic materials company’s stock worth $48,316,000 after buying an additional 538,653 shares in the last quarter. Creative Planning boosted its stake in Huntsman by 31.1% in the first quarter. Creative Planning now owns 12,327 shares of the basic materials company’s stock worth $303,000 after buying an additional 2,925 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in Huntsman by 10.6% in the fourth quarter. Teachers Advisors LLC now owns 536,482 shares of the basic materials company’s stock worth $10,236,000 after buying an additional 51,586 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.
Huntsman Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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