UBS Group Trims Huntsman (NYSE:HUN) Target Price to $18.00

Huntsman (NYSE:HUN) had its target price lowered by UBS Group from $27.00 to $18.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Other equities analysts have also issued research reports about the company. Cfra decreased their target price on Huntsman from $21.00 to $20.00 and set a sell rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their target price on Huntsman from $21.00 to $14.00 and set a neutral rating on the stock in a research note on Wednesday, March 18th. Citigroup decreased their target price on Huntsman from $28.00 to $24.00 and set a buy rating on the stock in a research note on Friday, February 14th. Wells Fargo & Co decreased their target price on Huntsman from $27.00 to $20.00 and set an overweight rating on the stock in a research note on Tuesday, March 17th. Finally, Bank of America assumed coverage on Huntsman in a research note on Wednesday, January 15th. They set a buy rating and a $27.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $22.01.

HUN traded up $0.45 during mid-day trading on Monday, hitting $15.65. 2,801,900 shares of the stock were exchanged, compared to its average volume of 2,606,412. The firm’s fifty day moving average is $18.27 and its two-hundred day moving average is $21.78. Huntsman has a 1-year low of $12.23 and a 1-year high of $25.66. The company has a current ratio of 1.87, a quick ratio of 1.41 and a debt-to-equity ratio of 0.91. The company has a market cap of $3.09 billion, a PE ratio of 6.39, a PEG ratio of 1.81 and a beta of 2.26.

Huntsman (NYSE:HUN) last posted its earnings results on Thursday, February 13th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Huntsman had a return on equity of 14.86% and a net margin of 7.42%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the company earned $0.52 EPS. Huntsman’s revenue was down 25.9% on a year-over-year basis. As a group, research analysts anticipate that Huntsman will post 1.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.1625 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.65 annualized dividend and a yield of 4.15%. Huntsman’s dividend payout ratio (DPR) is 42.48%.

In other Huntsman news, CEO Anthony P. Hankins acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of $16.18 per share, for a total transaction of $32,360.00. Following the acquisition, the chief executive officer now owns 510,366 shares in the company, valued at approximately $8,257,721.88. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Peter R. Huntsman acquired 7,500 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $19.03 per share, for a total transaction of $142,725.00. Following the acquisition, the chief executive officer now owns 5,544,820 shares in the company, valued at approximately $105,517,924.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 44,625 shares of company stock worth $789,217. 5.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC increased its holdings in shares of Huntsman by 8.6% in the 4th quarter. Penserra Capital Management LLC now owns 6,248 shares of the basic materials company’s stock valued at $129,000 after acquiring an additional 494 shares during the last quarter. Creative Planning lifted its holdings in shares of Huntsman by 7.0% in the 4th quarter. Creative Planning now owns 9,588 shares of the basic materials company’s stock valued at $232,000 after buying an additional 631 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Huntsman by 20.4% in the 4th quarter. Quadrant Capital Group LLC now owns 4,131 shares of the basic materials company’s stock valued at $96,000 after buying an additional 700 shares during the period. Eqis Capital Management Inc. lifted its holdings in shares of Huntsman by 2.5% in the 4th quarter. Eqis Capital Management Inc. now owns 38,307 shares of the basic materials company’s stock valued at $926,000 after buying an additional 938 shares during the period. Finally, Covington Capital Management acquired a new stake in shares of Huntsman in the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

About Huntsman

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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