Deutsche Bank Aktiengesellschaft Begins Coverage on Huntsman (NYSE:HUN)

Deutsche Bank Aktiengesellschaft began coverage on shares of Huntsman (NYSE:HUN) in a research note published on Thursday, The Fly reports. The brokerage issued a buy rating and a $30.00 price target on the basic materials company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley raised shares of Huntsman from an equal weight rating to an overweight rating and set a $26.00 price objective for the company in a research report on Tuesday, September 29th. Stifel Nicolaus initiated coverage on Huntsman in a research note on Wednesday, September 16th. They issued a buy rating and a $29.00 target price on the stock. Alembic Global Advisors reaffirmed a buy rating and set a $22.00 price target on shares of Huntsman in a research report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price objective on shares of Huntsman from $14.00 to $17.00 and gave the company a neutral rating in a research report on Wednesday, July 29th. Finally, Barclays raised shares of Huntsman from an underweight rating to an equal weight rating and boosted their target price for the stock from $18.00 to $23.00 in a research report on Monday, September 28th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Huntsman has an average rating of Buy and a consensus target price of $23.06.

Shares of NYSE:HUN opened at $24.70 on Thursday. The firm has a market capitalization of $5.45 billion, a PE ratio of 5.68, a P/E/G ratio of 7.95 and a beta of 1.90. The company has a quick ratio of 1.09, a current ratio of 1.53 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $22.82 and a two-hundred day moving average price of $19.01. Huntsman has a twelve month low of $12.23 and a twelve month high of $25.12.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Tuesday, July 28th. The basic materials company reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.06. Huntsman had a net margin of 15.78% and a return on equity of 6.41%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.13 billion. Huntsman’s revenue for the quarter was down 43.2% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. Analysts anticipate that Huntsman will post 0.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, September 14th. Huntsman’s dividend payout ratio is currently 42.48%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUN. Private Advisor Group LLC acquired a new position in shares of Huntsman in the 2nd quarter valued at about $27,000. Twin Tree Management LP purchased a new position in Huntsman during the second quarter valued at approximately $43,000. WASHINGTON TRUST Co acquired a new position in Huntsman in the second quarter valued at approximately $46,000. FDx Advisors Inc. purchased a new stake in Huntsman in the 1st quarter worth approximately $56,000. Finally, Tower Research Capital LLC TRC boosted its position in Huntsman by 724.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 7,353 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 6,461 shares in the last quarter. Institutional investors and hedge funds own 75.43% of the company’s stock.

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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