Huntsman (HUN) Getting Somewhat Positive Media Coverage, Report Finds
News headlines about Huntsman (NYSE:HUN) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Huntsman earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.797509980974 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Iron oxide Pigments Market – Global Industry, Size, Share, Growth, Trends, and Forecast 2017 – 2025 (markets.businessinsider.com)
- Scandalous Celebrity Affairs That Resulted in the Most Catastrophic Endings (cheatsheet.com)
- Dave Matthews Band Announce New Album and Tour (411mania.com)
- Barrick Declares Preliminary Q4 & FY17 Production Numbers (finance.yahoo.com)
- Stylish as ever, Utah gymnastics has a strategy behind what it wears on meet days (ksl.com)
Shares of Huntsman (NYSE HUN) traded up $0.12 on Thursday, hitting $34.28. 2,182,662 shares of the company’s stock were exchanged, compared to its average volume of 2,920,000. The firm has a market cap of $8,230.00, a price-to-earnings ratio of 19.93, a PEG ratio of 1.71 and a beta of 2.84. Huntsman has a 52 week low of $19.56 and a 52 week high of $35.00. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87.
Huntsman (NYSE:HUN) last announced its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. Huntsman’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the business earned $0.38 EPS. equities research analysts anticipate that Huntsman will post 2.74 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. Huntsman’s dividend payout ratio (DPR) is presently 29.07%.
Several analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Huntsman in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $36.00 target price for the company. Goldman Sachs Group reaffirmed a “hold” rating and issued a $36.00 target price on shares of Huntsman in a research note on Monday, December 4th. ValuEngine cut shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. UBS Group lifted their target price on shares of Huntsman from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Nomura lifted their target price on shares of Huntsman to $40.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $33.00.
In other Huntsman news, major shareholder Corp Huntsman sold 21,764,800 shares of Huntsman stock in a transaction on Monday, December 4th. The shares were sold at an average price of $21.66, for a total value of $471,425,568.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Jon M. Huntsman sold 383,610 shares of Huntsman stock in a transaction on Monday, October 30th. The shares were sold at an average price of $31.58, for a total transaction of $12,114,403.80. Following the completion of the transaction, the chairman now owns 115,206 shares in the company, valued at approximately $3,638,205.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,210,738 shares of company stock worth $561,179,159. 19.00% of the stock is owned by company insiders.
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Huntsman Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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