Huntsman (NYSE:HUN) Hits New 1-Year Low – What’s Next?

Shares of Huntsman Co. (NYSE:HUN) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.05 and last traded at $11.05, with a volume of 4350730 shares trading hands. The stock had previously closed at $11.70.

Analyst Ratings Changes

HUN has been the subject of a number of analyst reports. Citigroup cut their price target on Huntsman from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Wells Fargo & Company downgraded Huntsman from an “overweight” rating to a “reduce” rating in a research note on Monday, May 5th. Bank of America downgraded Huntsman from a “buy” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. Royal Bank of Canada cut their target price on Huntsman from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their target price on Huntsman from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Huntsman presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Huntsman Price Performance

The business’s fifty day simple moving average is $13.30 and its 200-day simple moving average is $16.32. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.92 billion, a P/E ratio of -10.05 and a beta of 0.82.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. As a group, analysts forecast that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 9.05%. Huntsman’s dividend payout ratio is presently -109.89%.

Institutional Trading of Huntsman

Several institutional investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC boosted its holdings in shares of Huntsman by 177.9% during the first quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 1,395 shares during the period. R Squared Ltd purchased a new stake in Huntsman in the fourth quarter worth about $40,000. Quadrant Capital Group LLC lifted its holdings in Huntsman by 74.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock worth $40,000 after buying an additional 956 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Huntsman by 1,717.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock worth $51,000 after buying an additional 3,075 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in Huntsman in the first quarter worth about $53,000. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

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.