Huntsman (NYSE:HUN) Price Target Cut to $14.00 by Analysts at Citigroup

Huntsman (NYSE:HUN) had its price objective trimmed by Citigroup from $19.00 to $14.00 in a report issued on Friday,Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

Several other research analysts have also recently weighed in on HUN. Morgan Stanley cut their price objective on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada boosted their price target on shares of Huntsman from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. The Goldman Sachs Group decreased their price objective on shares of Huntsman from $22.00 to $19.00 and set a “sell” rating for the company in a report on Wednesday, March 5th. Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.63.

Huntsman Price Performance

HUN opened at $13.38 on Friday. The firm’s fifty day moving average price is $16.76 and its two-hundred day moving average price is $19.11. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -12.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. Huntsman has a 1 year low of $12.46 and a 1 year high of $25.98.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. As a group, analysts anticipate that Huntsman will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date was Friday, March 14th. Huntsman’s payout ratio is currently -90.91%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bank of Montreal Can grew its position in shares of Huntsman by 152.7% in the third quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock valued at $2,440,000 after purchasing an additional 60,072 shares in the last quarter. Captrust Financial Advisors grew its holdings in Huntsman by 47.5% during the 3rd quarter. Captrust Financial Advisors now owns 31,263 shares of the basic materials company’s stock valued at $757,000 after buying an additional 10,064 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Huntsman by 89.4% during the third quarter. Quantinno Capital Management LP now owns 19,037 shares of the basic materials company’s stock valued at $461,000 after buying an additional 8,988 shares during the period. Systematic Financial Management LP lifted its holdings in shares of Huntsman by 12.8% in the third quarter. Systematic Financial Management LP now owns 589,206 shares of the basic materials company’s stock worth $14,259,000 after buying an additional 66,688 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Huntsman by 2.2% in the third quarter. State Street Corp now owns 3,301,850 shares of the basic materials company’s stock valued at $79,905,000 after acquiring an additional 70,382 shares during the period. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.