Huntsman Corporation (NYSE:HUN):
Huntsman to Discuss Second Quarter 2017 Results on July 27, 2017.
The company is now up by 0.04 percent from yesterday’s close.
The company announced a dividend which was paid on Friday the 30th of June 2017. The dividend payment was $0.125 per share for the quarter which is $0.50 annualized. The dividend yield was $1.90. The ex-dividend date was set for Tuesday the 13th of June 2017.
Huntsman Corporation, launched on October 19, 2004, is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. Its Polyurethanes, Performance Products, Advanced Materials and Textile Effects segments produce differentiated organic chemical products and its Pigments and Additives segment produces inorganic chemical products. The Business’s products consist a range of chemicals and formulations, which it markets to a group of consumer and industrial customers. The Business’s products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, digital inks, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. Its product lines include methylene diphenyl diisocyanate (MDI), amines, surfactants, maleic anhydride, epoxy-based polymer formulations, textile chemicals, dyes, titanium dioxide and color pigments. The Company produces differentiated organic and inorganic chemical products..
It is currently trading at $26.63 which is just a bit higher than $24.87, the 50 day moving average and a tad higher than the 200 day moving average of $22.77. The 50 day moving average went up $1.76 or +7.06% and the 200 day average went up by +16.95%.
The P/E ratio is currently 18.60 and the market value is 6.38B. In the last earnings report the EPS was $1.43 and is expected to be $2.22 for the current year with 239,748,000 shares now outstanding. Next quarter’s EPS is expected be $0.53 with next year’s EPS projected to be $2.56.
A few investment analysts have issued ratings on the stock of late. On December 12 the company was rated “Neutral” according to a Goldman Sachs report a cut from the previous “” rating. On July 15 Citigroup made no change to the stock rating of “Neutral” and lowered the price target from $20.50 to $17.00.
On February 11, 2016 the stock rating was changed to a “Sector Weight” in a report from KeyBanc which is down from the previous “Overweight” rating. October 20 investment analysts at JP Morgan left the company rating at “Neutral” but lowered the price target to $12.00 from $18.00.
October 15 investment analysts at KeyBanc held the company rating at “Overweight” and lowered the price expectation to $17.00 from $26.00. September 29 investment analysts at Macquarie maintained a stock rating of “Outperform” and moved down the price target from $33.00 to $20.00.