Shares of Huntsman Co. (NYSE:HUN) shot up 5.8% on Monday . The stock traded as high as $22.58 and last traded at $22.38, 4,007,497 shares were traded during mid-day trading. An increase of 55% from the average session volume of 2,581,883 shares. The stock had previously closed at $21.15.

HUN has been the topic of several research reports. Nomura reaffirmed a “buy” rating and set a $26.00 price objective on shares of Huntsman in a report on Sunday, August 11th. UBS Group set a $26.00 target price on Huntsman and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays reissued a “sell” rating and issued a $19.00 target price on shares of Huntsman in a research note on Wednesday, July 31st. KeyCorp dropped their target price on Huntsman from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, ValuEngine raised Huntsman from a “sell” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Huntsman presently has an average rating of “Hold” and a consensus target price of $27.36.

The business has a 50 day moving average of $19.98 and a 200 day moving average of $21.11. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 1.14 and a beta of 2.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.83 and a quick ratio of 1.16.

Huntsman (NYSE:HUN) last released its earnings results on Tuesday, July 30th. The basic materials company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). Huntsman had a negative net margin of 1.37% and a positive return on equity of 18.68%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company posted $1.01 EPS. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, equities analysts predict that Huntsman Co. will post 2.31 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.1625 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.83%. Huntsman’s dividend payout ratio (DPR) is presently 19.46%.

Several large investors have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its position in shares of Huntsman by 3.5% during the first quarter. Alps Advisors Inc. now owns 16,734 shares of the basic materials company’s stock worth $376,000 after purchasing an additional 564 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Huntsman by 3.6% during the 1st quarter. CIBC Private Wealth Group LLC now owns 22,641 shares of the basic materials company’s stock worth $509,000 after buying an additional 784 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Huntsman by 67.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,305 shares of the basic materials company’s stock worth $52,000 after buying an additional 931 shares during the period. FinTrust Capital Advisors LLC lifted its holdings in Huntsman by 130.2% during the first quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Foundry Partners LLC lifted its holdings in Huntsman by 0.4% during the second quarter. Foundry Partners LLC now owns 296,345 shares of the basic materials company’s stock worth $6,057,000 after acquiring an additional 1,150 shares in the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.

About Huntsman (NYSE:HUN)

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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