Huntington Bancshares Rating Reiterated by Zacks (HBAN)
Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “hold” rating restated by Zacks in a research report issued on Monday, AnalystRatings.Net reports. They currently have a $9.00 target price on the stock. Zacks‘ target price would suggest a potential upside of 8.96% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim cut their price target on shares of Huntington Bancshares (NASDAQ:HBAN) from $9.50 to $9.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, 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. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.09.
Shares of Huntington Bancshares (NASDAQ:HBAN) traded up 0.36% on Monday, hitting $8.26. The stock had a trading volume of 7,884,665 shares. Huntington Bancshares has a 1-year low of $5.81 and a 1-year 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 posted its quarterly earnings results 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 previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter 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.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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