Brokerage Firm Rating Update on Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares Incorporated (HBAN) : The consensus on Huntington Bancshares Incorporated (HBAN) based on 15 analyst recommendation on the company stock is 2.4, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 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. 8 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) : 14 Wall Street analysts covering Huntington Bancshares Incorporated (HBAN) believe that the average level the stock could reach for the short term is $10.64. The maximum price target given is $12 and the minimum target for short term is around $9, hence the standard deviation is calculated at $0.84.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on Huntington Bancshares Incorporated (NASDAQ:HBAN). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Morgan Stanley lowers the price target from $11.5 per share to $11 per share. The rating by the firm was issued on August 1, 2016.

Huntington Bancshares Incorporated (NASDAQ:HBAN): The stock opened at $9.82 and touched an intraday high of $9.94 on Wednesday. During the day, the stock corrected to an intraday low of $9.765, however, the bulls stepped in and pushed the price higher to close in the green at $9.9 with a gain of 0.41% for the day. The total traded volume for the day was 10,031,692. The stock had closed at $9.86 in the previous trading session.

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.

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