Huntington Bancshares Price Target Increased to $10.00 by Analysts at Jefferies Group (HBAN)
Stock analysts at Jefferies Group raised their target price on shares of Huntington Bancshares (NASDAQ:HBAN) from $9.00 to $10.00 in a report issued on Friday, American Banking News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 12.36% from the company’s current price.
A number of other firms have also recently commented on HBAN. Analysts at ISI Group initiated coverage on shares of Huntington Bancshares in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $9.00 price target on the stock. Separately, analysts at Zacks reiterated a “hold” rating on shares of Huntington Bancshares in a research note to investors on Monday, September 30th. They now have a $9.00 price target on the stock. Finally, analysts at Guggenheim cut their price target on shares of Huntington Bancshares from $9.50 to $9.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $8.28.
Shares of Huntington Bancshares (NASDAQ:HBAN) traded up 0.23% during mid-day trading on Friday, hitting $8.90. The stock had a trading volume of 25,049,744 shares. Huntington Bancshares has a 52 week low of $5.81 and a 52 week high of $8.90. The stock’s 50-day moving average is $8.40 and its 200-day moving average is $7.99. The company has a market cap of $7.384 billion and a P/E ratio of 12.40.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings data on Thursday, October 17th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.03. The company had revenue of $682.00 million for the quarter, compared to the consensus estimate of $684.65 million. During the same quarter last year, the company posted $0.19 earnings per share. On average, analysts predict that Huntington Bancshares will post $0.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 2nd. Investors of record on Thursday, December 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, December 17th.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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