Media coverage about Huntsman (NYSE:HUN) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Huntsman earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 46.6482002932995 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- Global GemtechBarium Sulphate Precipitated Market 2018 – Huntsman, Jiaxin Chemical, Solvay, Fuhua Chemical (theexpertconsulting.com)
- Global Pigments Market 2018 Dynamics – BASF, DIC Corporation, Clariant, Huntsman, DuPont, Lanxess, Heubach … (brooksinbeta.com)
- Dyes for Textile Fibers Market SWOT analysis with key players Huntsman, Sumitomo Chemical, Kiri Industries (exclusivereportage.com)
- In the hunt for sustainable digital textile printing growth (tevonews.com)
- Huntsman sentenced to life in prison without parole (montereyherald.com)
A number of research firms have recently commented on HUN. Jefferies Group raised their target price on Huntsman to $43.00 and gave the company a “buy” rating in a research note on Friday, January 26th. ValuEngine upgraded Huntsman from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Citigroup lifted their price objective on Huntsman from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. KeyCorp lifted their price objective on Huntsman from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Zacks Investment Research cut Huntsman from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $36.27.
Shares of Huntsman opened at $32.63 on Tuesday, Marketbeat.com reports. Huntsman has a 12-month low of $23.12 and a 12-month high of $36.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.94 and a quick ratio of 1.58. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.26 and a beta of 2.72.
Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, May 1st. The basic materials company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.19. Huntsman had a return on equity of 27.32% and a net margin of 8.98%. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue was up 18.8% on a year-over-year basis. research analysts anticipate that Huntsman will post 3.09 EPS for the current year.
Huntsman declared that its board has authorized a stock buyback program on Friday, February 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the basic materials company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, June 14th. Huntsman’s dividend payout ratio is currently 26.21%.
In other news, VP J Kimo Esplin sold 16,106 shares of the business’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $32.69, for a total value of $526,505.14. Following the completion of the transaction, the vice president now owns 393,973 shares in the company, valued at $12,878,977.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.90% of the stock is owned by insiders.
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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