In a turbulent market environment, Huntsman Corporation (NYSE:HUN) stock has touched a 52-week low, reaching a price level of $17.61. According to InvestingPro data, the company maintains a notable 5.6% dividend yield and has consistently paid dividends for 18 consecutive years. This downturn reflects a significant retreat from the company’s more robust performance in the previous year, with the stock experiencing a 1-year change of -29.25%. While the company currently shows Fair financial health based on InvestingPro’s comprehensive analysis, analysts maintain optimism with price targets ranging from $19 to $27. Investors are closely monitoring the chemical manufacturer’s performance as it navigates through the current economic headwinds, which have impacted the sector at large. The 52-week low serves as a critical point of observation for market analysts and investors alike, as they assess the company’s strategies for recovery and growth in the challenging market landscape. Notably, analysts predict a return to profitability this year, despite recent challenges.
In other recent news, Huntsman Corporation met third-quarter expectations, as reported in its Q3 2024 earnings call. The company is currently implementing a $50 million cost reduction program in its global polyurethanes business and has received a $35 million dividend from its SLIC China JV acquisition. However, Huntsman anticipates a slower year-end due to various market factors and is facing challenges in implementing recent MDI price hikes.
Citi has reiterated a neutral rating on Huntsman shares, with a price target of $22.00, reflecting the firm’s assessment of these factors and their potential impact on Huntsman’s business going forward. The company is considering using improved free cash flow for share buybacks or mergers and acquisitions, while maintaining a strong balance sheet, with a current ratio of 1.47.
Huntsman Corporation remains cautiously optimistic about gradual market improvements in 2025, with a major turnaround planned at the Rotterdam facility in late Q1 2025. These are some of the recent developments at Huntsman Corporation as it navigates a complex market landscape while preparing for potential growth opportunities in 2025.
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