Huntsman (HUN) Sets New 52-Week Low at $23.13

Huntsman Co. (NYSE:HUN) shares reached a new 52-week low during trading on Thursday . The company traded as low as $23.13 and last traded at $23.27, with a volume of 78552 shares trading hands. The stock had previously closed at $23.59.

A number of research firms have recently commented on HUN. Nomura dropped their price objective on shares of Huntsman from $37.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, October 15th. Royal Bank of Canada reaffirmed a “buy” rating and set a $38.00 price objective on shares of Huntsman in a research note on Wednesday, August 1st. Citigroup upped their price objective on shares of Huntsman from $42.50 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. Zacks Investment Research raised shares of Huntsman from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Monday, July 16th. Finally, ValuEngine downgraded shares of Huntsman from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $35.46.

The company has a quick ratio of 1.58, a current ratio of 1.93 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $5.40 billion, a PE ratio of 8.94, a PEG ratio of 0.76 and a beta of 2.69.

Huntsman (NYSE:HUN) last issued its earnings results on Tuesday, July 31st. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.17. Huntsman had a return on equity of 24.14% and a net margin of 11.92%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Analysts expect that Huntsman Co. will post 3.5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Thursday, September 13th. Huntsman’s payout ratio is currently 26.21%.

Several large investors have recently modified their holdings of HUN. FTB Advisors Inc. purchased a new position in Huntsman in the 2nd quarter worth approximately $114,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Huntsman in the 2nd quarter worth approximately $122,000. Point72 Hong Kong Ltd boosted its holdings in Huntsman by 46.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock worth $206,000 after acquiring an additional 2,235 shares during the period. Chemical Bank purchased a new position in Huntsman in the 2nd quarter worth approximately $219,000. Finally, Raymond James Trust N.A. purchased a new position in Huntsman in the 3rd quarter worth approximately $224,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

Huntsman Company Profile (NYSE:HUN)

Huntsman Corporation, through its subsidiary, Huntsman International LLC, 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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