Huntsman (NYSE:HUN) PT Lowered to $27.00 at KeyCorp

Huntsman (NYSE:HUN) had its price objective trimmed by KeyCorp from $28.00 to $27.00 in a research note published on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the basic materials company’s stock. KeyCorp also issued estimates for Huntsman’s Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.79 EPS, FY2019 earnings at $2.55 EPS and FY2020 earnings at $3.00 EPS.

HUN has been the subject of a number of other reports. ValuEngine cut Intersect ENT from a buy rating to a hold rating in a research report on Monday. Royal Bank of Canada set a €215.00 ($250.00) target price on Munchener Ruckvers and gave the company a buy rating in a research report on Tuesday, March 19th. Barclays reissued a hold rating and issued a $52.00 target price on shares of Biohaven Pharmaceutical in a research report on Tuesday, March 19th. Jefferies Financial Group decreased their target price on Huntsman from $33.00 to $30.00 and set a buy rating for the company in a research report on Monday, June 17th. Finally, Goldman Sachs Group raised MICHELIN COMPAG/ADR from a neutral rating to a buy rating in a research report on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $28.77.

Shares of NYSE HUN opened at $19.60 on Tuesday. The firm has a market cap of $4.57 billion, a PE ratio of 5.87, a PEG ratio of 0.86 and a beta of 2.30. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 0.96. Huntsman has a 52-week low of $17.33 and a 52-week high of $33.55. The firm has a 50-day moving average price of $19.27.

Huntsman (NYSE:HUN) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Huntsman had a return on equity of 19.90% and a net margin of 2.00%. The business’s revenue was down 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. As a group, research analysts forecast that Huntsman will post 2.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.1625 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.65 dividend on an annualized basis and a yield of 3.32%. Huntsman’s payout ratio is 19.46%.

In related news, VP David M. Stryker acquired 2,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was bought at an average cost of $19.01 per share, with a total value of $38,020.00. Following the transaction, the vice president now owns 179,930 shares of the company’s stock, valued at $3,420,469.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott J. Wright bought 4,950 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average cost of $20.22 per share, with a total value of $100,089.00. Following the completion of the purchase, the insider now owns 33,922 shares in the company, valued at approximately $685,902.84. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,950 shares of company stock valued at $157,729 over the last ninety days. 5.60% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Huntsman by 3.5% during the 1st quarter. Alps Advisors Inc. now owns 16,734 shares of the basic materials company’s stock worth $376,000 after buying an additional 564 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Huntsman by 3.6% during the 1st quarter. CIBC Private Wealth Group LLC now owns 22,641 shares of the basic materials company’s stock worth $509,000 after buying an additional 784 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Huntsman by 67.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,305 shares of the basic materials company’s stock worth $52,000 after buying an additional 931 shares in the last quarter. Private Capital Group LLC raised its stake in shares of Huntsman by 57.0% during the 1st quarter. Private Capital Group LLC now owns 2,775 shares of the basic materials company’s stock worth $62,000 after buying an additional 1,008 shares in the last quarter. Finally, FinTrust Capital Advisors LLC raised its stake in shares of Huntsman by 130.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock worth $45,000 after buying an additional 1,143 shares in the last quarter. 76.13% of the stock is owned by institutional investors and hedge funds.

Huntsman Company Profile

Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in 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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Analyst Recommendations for Huntsman (NYSE:HUN)

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