Huntsman (NYSE:HUN) Hits New 12-Month Low – Should You Sell?

Huntsman Corporation (NYSE:HUN) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.68 and last traded at $8.97, with a volume of 5094698 shares traded. The stock had previously closed at $8.87.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. The Goldman Sachs Group dropped their target price on Huntsman from $12.00 to $10.00 and set a “sell” rating on the stock in a research report on Thursday, August 7th. UBS Group lowered their price objective on Huntsman from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, July 9th. Citigroup lowered their price objective on Huntsman from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Mizuho reissued an “underperform” rating and issued a $9.00 price objective (down from $11.00) on shares of Huntsman in a report on Friday, September 12th. Finally, Jefferies Financial Group lowered their price objective on Huntsman from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.05.

Huntsman Trading Up 1.1%

The firm has a market cap of $1.56 billion, a P/E ratio of -4.60 and a beta of 0.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. The firm has a fifty day moving average of $10.27 and a 200-day moving average of $11.75.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.51 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. Equities research analysts forecast that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 11.1%. Huntsman’s dividend payout ratio (DPR) is -51.28%.

Hedge Funds Weigh In On Huntsman

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hexagon Capital Partners LLC boosted its position 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 buying an additional 1,395 shares during the period. IFP Advisors Inc boosted its position in shares of Huntsman by 197.6% during the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock worth $38,000 after buying an additional 2,431 shares during the period. Byrne Asset Management LLC acquired a new position in shares of Huntsman during the second quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Huntsman by 1,717.9% during 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 acquired a new position in shares of Huntsman during the first quarter worth approximately $53,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

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.