Huntsman Co. (NYSE:HUN) Given Average Recommendation of "Moderate Buy" by Analysts - MarketBeat

2022-09-24 23:57:56 By : Mr. Barton Zhang

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Huntsman Co. (NYSE:HUN - Get Rating) has been given a consensus recommendation of "Moderate Buy" by the sixteen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $42.08.

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their target price on Huntsman from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, June 22nd. Credit Suisse Group assumed coverage on Huntsman in a research report on Monday. They set an "outperform" rating and a $33.00 target price for the company. Citigroup reduced their target price on Huntsman from $35.00 to $34.00 in a research report on Thursday, August 4th. StockNews.com cut Huntsman from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, June 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Huntsman from $40.00 to $35.00 in a research report on Wednesday, August 3rd.Insider Activity

In other Huntsman news, Director Curtis E. Espeland purchased 15,000 shares of the 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 transaction, the director now directly owns 18,533 shares of the company's stock, valued at approximately $559,325.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Huntsman news, VP David M. Stryker purchased 10,000 shares of the stock in a transaction on Friday, August 12th. The stock was acquired at an average price of $29.90 per share, with a total value of $299,000.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Curtis E. Espeland purchased 15,000 shares of the stock in a transaction on Thursday, August 11th. The shares were acquired at an average cost of $30.18 per share, with a total value of $452,700.00. Following the transaction, the director now directly owns 18,533 shares in the company, valued at $559,325.94. The disclosure for this purchase can be found here. 6.40% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HUN. Starboard Value LP grew its holdings in shares of Huntsman by 55.4% during the 4th quarter. Starboard Value LP now owns 18,026,236 shares of the basic materials company's stock worth $628,755,000 after acquiring an additional 6,428,092 shares during the period. BlackRock Inc. grew its holdings in shares of Huntsman by 0.4% during the 1st quarter. BlackRock Inc. now owns 12,672,792 shares of the basic materials company's stock worth $475,358,000 after acquiring an additional 47,739 shares during the period. Capital World Investors grew its holdings in shares of Huntsman by 0.3% during the 4th quarter. Capital World Investors now owns 7,512,442 shares of the basic materials company's stock worth $262,034,000 after acquiring an additional 21,699 shares during the period. First Trust Advisors LP grew its holdings in shares of Huntsman by 773.3% during the 1st quarter. First Trust Advisors LP now owns 7,122,627 shares of the basic materials company's stock worth $267,170,000 after acquiring an additional 6,307,003 shares during the period. Finally, Macquarie Group Ltd. grew its holdings in shares of Huntsman by 1.2% during the 2nd quarter. Macquarie Group Ltd. now owns 5,079,604 shares of the basic materials company's stock worth $144,007,000 after acquiring an additional 58,676 shares during the period. Institutional investors own 87.62% of the company's stock. Huntsman Price Performance

Shares of NYSE HUN opened at $26.51 on Friday. The stock has a market cap of $5.34 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of 1.05 and a beta of 1.15. Huntsman has a fifty-two week low of $25.02 and a fifty-two week high of $41.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 2.12. The stock has a fifty day moving average of $28.82 and a 200-day moving average of $32.62.

Huntsman (NYSE:HUN - Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The basic materials company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.14. The company had revenue of $2.36 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. Equities research analysts anticipate that Huntsman will post 4.35 earnings per share for the current year. Huntsman Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Wednesday, September 14th. Huntsman's dividend payout ratio (DPR) is presently 14.63%. About Huntsman (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.Read MoreGet a free copy of the StockNews.com research report on Huntsman (HUN)Is There a Cure for What is Ailing Teladoc Stock?No One Told These 3 Stocks It’s a Down WeekWhy Medical Products Maker Repligen May Be A Potential Buy At 10%, Is Arbor Realty Trust Dividend Worth It? Investors Should Tune Into RF Industries 

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