Huntington Bancshares Price Target Lowered to $9.00 at Guggenheim (HBAN)
Equities researchers at Guggenheim lowered their price objective on shares of Huntington Bancshares (NASDAQ:HBAN) from $9.50 to $9.00 in a research report issued on Monday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Guggenheim’s price target suggests a potential upside of 8.96% from the company’s current price.
Huntington Bancshares (NASDAQ:HBAN) traded up 0.36% during mid-day trading on Monday, hitting $8.26. 7,884,665 shares of the company’s stock traded hands. Huntington Bancshares has a 52-week low of $5.81 and a 52-week high of $8.78. The stock’s 50-day moving average is $8.45 and its 200-day moving average is $7.90. The company has a market cap of $6.853 billion and a P/E ratio of 11.49.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings data on Thursday, July 18th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $680.20 million for the quarter, compared to the consensus estimate of $684.15 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts expect that Huntington Bancshares will post $0.68 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of Huntington Bancshares (NASDAQ:HBAN) from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 2nd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Huntington Bancshares (NASDAQ:HBAN) in a research note to investors on Wednesday, August 14th. They now have a $9.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Huntington Bancshares (NASDAQ:HBAN) from $7.00 to $8.50 in a research note to investors on Monday, July 22nd. They now have a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Huntington Bancshares has an average rating of “Hold” and a consensus target price of $8.09.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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