Huntington Bancshares Rating Increased to Equal Weight at Barclays (HBAN)
Huntington Bancshares (NASDAQ:HBAN) was upgraded by stock analysts at Barclays to an “equal weight” rating in a report issued on Monday, American Banking & Market News reports.
Huntington Bancshares (NASDAQ:HBAN) opened at 9.60 on Monday. Huntington Bancshares has a 1-year low of $6.54 and a 1-year high of $9.73. The stock has a 50-day moving average of $9.30 and a 200-day moving average of $8.66. The company has a market cap of $7.973 billion and a price-to-earnings ratio of 13.07.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted $0.19 earnings per share. Analysts expect that Huntington Bancshares will post $0.71 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim raised their price target on shares of Huntington Bancshares from $9.50 to $10.00 in a research note to investors on Tuesday, December 3rd. They now have a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Huntington Bancshares in a research note to investors on Friday, November 8th. They now have a $9.00 price target on the stock. Sixteen equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Huntington Bancshares presently has an average rating of “Hold” and a consensus price target of $8.57.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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