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Huntsman Co. (NYSE:HUN - Get Rating) - Investment analysts at KeyCorp cut their Q3 2022 earnings per share (EPS) estimates for shares of Huntsman in a research note issued on Wednesday, September 21st. KeyCorp analyst A. Yefremov now forecasts that the basic materials company will earn $0.76 per share for the quarter, down from their prior forecast of $1.06. The consensus estimate for Huntsman's current full-year earnings is $3.90 per share. KeyCorp also issued estimates for Huntsman's Q4 2022 earnings at $0.59 EPS, FY2022 earnings at $3.83 EPS and FY2023 earnings at $2.62 EPS.
Several other analysts have also recently weighed in on the company. UBS Group cut Huntsman from a "buy" rating to a "neutral" rating and set a $40.00 price target on the stock. in a report on Wednesday, August 3rd. Credit Suisse Group assumed coverage on Huntsman in a report on Monday, September 12th. They issued an "outperform" rating and a $33.00 price target on the stock. Royal Bank of Canada lowered Huntsman from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $43.00 to $30.00 in a research report on Monday, September 19th. JPMorgan Chase & Co. lowered Huntsman from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $30.00 to $25.00 in a research report on Tuesday, September 20th. Finally, StockNews.com lowered Huntsman from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.00.Huntsman Stock Performance
Shares of HUN opened at $23.95 on Monday. The stock's 50-day simple moving average is $28.35 and its 200 day simple moving average is $32.01. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 4.12, a price-to-earnings-growth ratio of 1.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 2.12. Huntsman has a 52-week low of $23.53 and a 52-week high of $41.65.
Huntsman (NYSE:HUN - Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.14. The business had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.30 billion. Huntsman had a return on equity of 22.23% and a net margin of 13.45%. The firm's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. Huntsman Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, September 14th. Huntsman's dividend payout ratio is currently 14.63%. Insider Transactions at Huntsman
In other news, VP David M. Stryker acquired 10,000 shares of the business's stock in a transaction that occurred on Friday, August 12th. The stock was bought at an average price of $29.90 per share, with a total value of $299,000.00. Following the completion of the acquisition, the vice president now directly owns 341,614 shares of the company's stock, valued at approximately $10,214,258.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Curtis E. Espeland purchased 15,000 shares of the business's stock in a transaction on Thursday, August 11th. The stock was acquired at an average price of $30.18 per share, with a total value of $452,700.00. Following the completion of the acquisition, the director now owns 18,533 shares of the company's stock, valued at approximately $559,325.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Stryker purchased 10,000 shares of the business's stock in a transaction on Friday, August 12th. The shares were bought at an average cost of $29.90 per share, with a total value of $299,000.00. Following the acquisition, the vice president now directly owns 341,614 shares of the company's stock, valued at approximately $10,214,258.60. The disclosure for this purchase can be found here. Company insiders own 6.40% of the company's stock. Hedge Funds Weigh In On Huntsman
Large investors have recently made changes to their positions in the business. Sigma Planning Corp lifted its position in shares of Huntsman by 1.2% in the second quarter. Sigma Planning Corp now owns 29,065 shares of the basic materials company's stock worth $824,000 after buying an additional 346 shares in the last quarter. CWM LLC lifted its position in shares of Huntsman by 45.3% in the first quarter. CWM LLC now owns 1,136 shares of the basic materials company's stock worth $43,000 after buying an additional 354 shares in the last quarter. Commerce Bank lifted its position in shares of Huntsman by 2.2% in the second quarter. Commerce Bank now owns 16,459 shares of the basic materials company's stock worth $467,000 after buying an additional 357 shares in the last quarter. Alpha DNA Investment Management LLC lifted its position in shares of Huntsman by 1.3% in the second quarter. Alpha DNA Investment Management LLC now owns 33,285 shares of the basic materials company's stock worth $943,000 after buying an additional 440 shares in the last quarter. Finally, Creative Planning lifted its position in shares of Huntsman by 1.1% in the second quarter. Creative Planning now owns 41,382 shares of the basic materials company's stock worth $1,173,000 after buying an additional 444 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors. Huntsman Company Profile (Get Rating)
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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.Further ReadingGet a free copy of the StockNews.com research report on Huntsman (HUN)Can Caterpillar Claw Higher in a Falling Market? Is Dave & Buster’s Immune to High Inflation and Lower Spending? Should These 3 Top-Performing Mid-Caps Be On Your Watchlist? Will Wall Street's Enthusiasm About Datadog Lead To Big Gains? MarketBeat: Week in Review 9/19 – 9/23
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