Huntsman (NYSE:HUN) Given New $18.00 Price Target at Royal Bank of Canada

Huntsman (NYSE:HUN) had its price target raised by Royal Bank of Canada from $17.00 to $18.00 in a research report report published on Thursday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the basic materials company’s stock.

Several other brokerages also recently commented on HUN. Citigroup decreased their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Alembic Global Advisors cut Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Morgan Stanley dropped their price objective on Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Mizuho decreased their target price on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Huntsman presently has an average rating of “Hold” and an average target price of $21.63.

Huntsman Trading Down 1.5 %

NYSE:HUN opened at $17.77 on Thursday. The stock has a 50-day simple moving average of $17.42 and a two-hundred day simple moving average of $20.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. Huntsman has a 52-week low of $15.67 and a 52-week high of $27.01.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. On average, sell-side analysts forecast that Huntsman will post 0.47 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 5.63%. Huntsman’s dividend payout ratio is currently -90.91%.

Institutional Trading of Huntsman

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Huntsman in the 4th quarter worth about $40,000. Quadrant Capital Group LLC increased its holdings in shares of Huntsman by 74.9% in the 4th 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 last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Huntsman in the 4th quarter worth about $60,000. True Wealth Design LLC bought a new stake in shares of Huntsman in the 3rd quarter worth about $62,000. Finally, Quarry LP bought a new stake in shares of Huntsman in the 4th quarter worth about $65,000. 84.81% of the stock is currently owned by institutional investors.

Huntsman Company Profile

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.