Huntsman (NYSE:HUN) Downgraded by ValuEngine to “Strong Sell”
Several other equities research analysts have also recently commented on HUN. KeyCorp boosted their price target on shares of Ingersoll-Rand from $112.00 to $130.00 and gave the stock an overweight rating in a research report on Wednesday, April 10th. Jefferies Financial Group dropped their price target on shares of Huntsman from $33.00 to $30.00 and set a buy rating on the stock in a research report on Monday, June 17th. Royal Bank of Canada set a €215.00 ($250.00) price target on shares of Munchener Ruckvers and gave the stock a buy rating in a research report on Tuesday, March 19th. Barclays reiterated a hold rating and issued a $52.00 price target on shares of Biohaven Pharmaceutical in a research report on Tuesday, March 19th. Finally, Goldman Sachs Group upgraded shares of MICHELIN COMPAG/ADR from a neutral rating to a buy rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $28.77.
Shares of Huntsman stock opened at $19.60 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 0.96. The business has a 50-day simple moving average of $19.27. Huntsman has a 52 week low of $17.33 and a 52 week high of $33.55. The company has a market capitalization of $4.56 billion, a PE ratio of 5.87, a PEG ratio of 0.89 and a beta of 2.30.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.1625 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.65 annualized dividend and a yield of 3.32%. Huntsman’s payout ratio is presently 19.46%.
In related news, VP David M. Stryker acquired 2,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of $19.01 per share, for a total transaction of $38,020.00. Following the acquisition, the vice president now owns 179,930 shares in the company, valued at $3,420,469.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott J. Wright acquired 4,950 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average price of $20.22 per share, for a total transaction of $100,089.00. Following the acquisition, the insider now owns 33,922 shares in the company, valued at approximately $685,902.84. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 7,950 shares of company stock worth $157,729. Corporate insiders own 5.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in Huntsman by 7.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 49,977 shares of the basic materials company’s stock worth $963,000 after buying an additional 3,634 shares during the period. BlackRock Inc. boosted its holdings in Huntsman by 6.6% in the 4th quarter. BlackRock Inc. now owns 15,347,050 shares of the basic materials company’s stock worth $296,046,000 after buying an additional 947,164 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Huntsman by 5.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 39,415 shares of the basic materials company’s stock worth $760,000 after buying an additional 2,135 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Huntsman in the 4th quarter worth $546,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Huntsman by 25.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,326 shares of the basic materials company’s stock worth $314,000 after buying an additional 3,342 shares during the period. 76.13% of the stock is currently owned by institutional investors.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in 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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