In a challenging market environment, Huntsman (NYSE:HUN) Corporation’s stock has touched a 52-week low, dipping to $17.0 USD. The company maintains a notable 5.88% dividend yield and has consistently maintained dividend payments for 18 consecutive years, according to InvestingPro data. This price level reflects a significant downturn for the chemical manufacturing company, which has seen its stock value decrease by 31.51% over the past year. Investors are closely monitoring the company’s performance, as the current price point marks a critical juncture for Huntsman, with market participants considering the potential for a rebound or further declines in the context of broader economic pressures and industry-specific headwinds. Technical indicators suggest the stock is in oversold territory, while analyst price targets range from $19 to $25, indicating potential upside from current levels. For comprehensive analysis and additional insights, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, Huntsman Corporation has seen significant developments. The company met third-quarter expectations, as reported in its Q3 2024 earnings call, but anticipates a slower year-end due to various market factors. A $50 million cost reduction program in its global polyurethanes business is underway, and a $35 million dividend was received from its SLIC China JV acquisition.
Citi has reiterated a neutral rating on Huntsman shares, reflecting the firm’s assessment of the company’s potential growth area - Advanced Materials, and its commitment to maintaining a strong balance sheet. Huntsman is also exploring opportunities in EV battery markets and energy efficiency, as improvements in North American housing and construction could significantly impact earnings.
However, the company faces challenges in implementing recent MDI price hikes and is experiencing sluggish demand in the automotive, industrial, and aerospace sectors. Despite these challenges, Huntsman remains cautiously optimistic about gradual market improvements in 2025, with a major turnaround planned at the Rotterdam facility in late Q1 2025. These are among the recent developments as Huntsman navigates a complex market landscape while preparing for potential growth opportunities in 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.