Huntsman Co. (NYSE:HUN – Get Rating) has received an average rating of “Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $47.00.
A number of analysts recently weighed in on HUN shares. Royal Bank of Canada boosted their target price on Huntsman from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 16th. Alembic Global Advisors restated a “buy” rating and issued a $48.00 target price on shares of Huntsman in a research report on Monday, February 28th. StockNews.com upgraded Huntsman from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 12th. KeyCorp downgraded Huntsman from an “overweight” rating to a “sector weight” rating in a research report on Monday, March 21st. Finally, Jefferies Financial Group boosted their target price on Huntsman from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, February 16th.
A number of hedge funds have recently made changes to their positions in the stock. Sigma Planning Corp lifted its stake in Huntsman by 0.9% in the fourth quarter. Sigma Planning Corp now owns 33,796 shares of the basic materials company’s stock worth $1,179,000 after acquiring an additional 288 shares during the period. CWM LLC lifted its stake in 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 acquiring an additional 354 shares during the period. CIBC Asset Management Inc lifted its stake in Huntsman by 4.0% in the fourth quarter. CIBC Asset Management Inc now owns 9,228 shares of the basic materials company’s stock worth $322,000 after acquiring an additional 355 shares during the period. TCI Wealth Advisors Inc. lifted its stake in Huntsman by 53.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,331 shares of the basic materials company’s stock worth $50,000 after acquiring an additional 462 shares during the period. Finally, Commerce Bank lifted its stake in Huntsman by 2.9% in the third quarter. Commerce Bank now owns 16,572 shares of the basic materials company’s stock worth $491,000 after acquiring an additional 470 shares during the period. 84.02% of the stock is owned by institutional investors.
Huntsman (NYSE:HUN – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The basic materials company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. Huntsman had a return on equity of 21.09% and a net margin of 13.16%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Huntsman’s revenue was up 30.0% on a year-over-year basis. Equities analysts expect that Huntsman will post 4.34 earnings per share for the current fiscal year.
Huntsman announced that its Board of Directors has approved a share repurchase program on Monday, March 28th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to buy up to 24.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, June 14th. Huntsman’s payout ratio is 15.71%.
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.
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