Huntington Bancshares Incorporated (HBAN) : Analyst Rating Update

Huntington Bancshares Incorporated (HBAN) : The consensus on Huntington Bancshares Incorporated (HBAN) based on 18 analyst recommendation on the company stock is 2.39, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Huntington Bancshares Incorporated (HBAN).

Huntington Bancshares Incorporated (HBAN) : Average target price received by Huntington Bancshares Incorporated (HBAN) is $11.03 with an expected standard deviation of $0.97. The most aggressive target on the stock is $12, whereas the most downbeat target is $9. 16 financial analysts are currently covering the stock.

Huntington Bancshares Incorporated (NASDAQ:HBAN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.42 and $8.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.52, notching a gain of 0.12% for the day. The total traded volume was 16,886,809 . The stock had closed at $8.51 on the previous day.

Also, Equity analysts at the Brokerage firm Baird downgrades its rating on Huntington Bancshares Incorporated (NASDAQ:HBAN). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 26, 2016. The company shares have dropped -22.99% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $11.90 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $9.72 and the 200 Day Moving Average price is recorded at $9.61.

Huntington Bancshares Incorporated (Huntington) is a diversified regional bank holding company. The Company operates through its subsidiary, The Huntington National Bank (the Bank). It provides commercial, small business, consumer and mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. It operates in five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. Its loan portfolio includes commercial and industrial, commercial real estate, construction CRE, automobile, home equity, residential mortgage and consumer loans/leases. The Bank has approximately 14 private client group offices and 715 branches, including 404 in Ohio, 43 in Indiana, 179 in Michigan, 31 in West Virginia, 48 in Pennsylvania and 10 in Kentucky.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *