Huntsman (NYSE:HUN) Price Target Lowered to $19.00 at The Goldman Sachs Group

Huntsman (NYSE:HUN) had its price objective cut by The Goldman Sachs Group from $22.00 to $19.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a sell rating on the basic materials company’s stock.

Other equities analysts also recently issued research reports about the stock. Mizuho cut their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Citigroup dropped their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Wells Fargo & Company decreased their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada raised their price objective on Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley decreased their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Huntsman has a consensus rating of “Hold” and a consensus target price of $20.50.

Huntsman Price Performance

Shares of NYSE:HUN opened at $17.48 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $17.20 and a 200 day moving average price of $19.92. Huntsman has a 52 week low of $15.46 and a 52 week high of $27.01. The company has a market cap of $3.02 billion, a P/E ratio of -15.89 and a beta of 0.95.

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

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Friday, March 14th. Huntsman’s payout ratio is currently -90.91%.

Institutional Trading of Huntsman

A number of hedge funds have recently bought and sold shares of the company. R Squared Ltd acquired a new position in Huntsman in the fourth quarter valued at $40,000. Quadrant Capital Group LLC grew its holdings in Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after buying an additional 956 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Huntsman during the 4th quarter valued at about $60,000. True Wealth Design LLC purchased a new position in shares of Huntsman during the 3rd quarter worth about $62,000. Finally, Quarry LP acquired a new stake in shares of Huntsman in the fourth quarter worth approximately $65,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

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.