Huntsman Corporation (HUN) Getting Somewhat Favorable News Coverage, Report Shows

News stories about Huntsman Corporation (NYSE:HUN) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Huntsman Corporation earned a news impact score of 0.25 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.7273716717351 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Huntsman Corporation (HUN) opened at 28.22 on Friday. Huntsman Corporation has a one year low of $15.62 and a one year high of $28.67. The company has a market cap of $6.77 billion, a P/E ratio of 16.00 and a beta of 2.79. The company’s 50-day moving average price is $27.31 and its 200 day moving average price is $25.78.

Huntsman Corporation (NYSE:HUN) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.18. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.64 billion. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. On average, equities research analysts anticipate that Huntsman Corporation will post $2.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, September 14th. Huntsman Corporation’s payout ratio is 28.41%.

Several research firms have recently commented on HUN. Zacks Investment Research upgraded Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday. Alembic Global Advisors restated a “buy” rating on shares of Huntsman Corporation in a report on Monday, October 2nd. Wells Fargo & Company upgraded Huntsman Corporation from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $32.00 in a report on Thursday, September 28th. Instinet restated a “buy” rating and set a $34.00 price objective (up previously from $30.00) on shares of Huntsman Corporation in a report on Wednesday, September 20th. Finally, Nomura boosted their price objective on Huntsman Corporation from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $30.60.

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Huntsman Corporation Company Profile

Huntsman Corporation 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.

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