In a challenging market environment, Huntsman Corporation (NYSE:HUN) stock has reached its 52-week low, trading at $18.91. While currently offering a substantial 5.2% dividend yield and maintaining dividend payments for 18 consecutive years, InvestingPro analysis suggests the stock is trading near its Fair Value. This price level reflects a significant downturn for the chemical manufacturing company, which has seen its stock value decrease by 20.3% over the past year. While the company hasn't been profitable in the last twelve months, analysts expect a return to profitability this year, with 14 analysts recently revising their earnings expectations. Investors are closely monitoring the company's performance, as the current valuation marks a notable dip from previous periods, raising concerns about the underlying factors contributing to the stock's downward trajectory. The 52-week low serves as a critical indicator for both the company and its stakeholders, as they assess Huntsman's strategic direction in a volatile market landscape. Get access to 10+ additional key insights about Huntsman through the comprehensive InvestingPro Research Report.
In other recent news, Huntsman Corporation met its third-quarter expectations but anticipates a slower year-end due to various market factors. The company has initiated a $50 million cost reduction program in its global polyurethanes business and received a $35 million dividend from its SLIC China JV acquisition. Citi has reiterated a Neutral rating on Huntsman shares, reflecting the firm's assessment of market dynamics and Huntsman's business prospects.
Huntsman is also exploring opportunities in the EV battery markets and energy efficiency. The company foresees gradual market improvements in 2025, planning a major turnaround at its Rotterdam facility in late Q1 2025. However, challenges persist, including implementing recent MDI price hikes and sluggish demand in automotive, industrial, and aerospace sectors.
These are some of the recent developments at Huntsman Corporation. The company is considering using improved free cash flow for share buybacks or mergers and acquisitions. Despite potential hurdles, Huntsman remains cautiously optimistic about its future, as stated in their recent earnings call.
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