Huntington Bancshares Price Target Raised to $10.25 at Goldman Sachs (HBAN)
Equities research analysts at Goldman Sachs upped their price objective on shares of Huntington Bancshares (NASDAQ:HBAN) from $10.00 to $10.25 in a research note issued to investors on Monday. Goldman Sachs’ price objective points to a potential upside of 7.22% from the stock’s previous close.
A number of other firms have also recently commented on HBAN. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Huntington Bancshares from $9.00 to $10.00 in a research note on Monday, June 9th. Separately, analysts at BB&T Corp. initiated coverage on shares of Huntington Bancshares in a research note on Friday, May 30th. They set a “neutral” rating on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of Huntington Bancshares in a research note on Friday, May 30th. They set a “neutral” rating on the stock. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Huntington Bancshares presently has a consensus rating of “Hold” and an average price target of $9.75.
Huntington Bancshares (NASDAQ:HBAN) opened at 9.56 on Monday. Huntington Bancshares has a 52 week low of $7.90 and a 52 week high of $10.29. The stock’s 50-day moving average is $9.37 and its 200-day moving average is $9.45. The company has a market cap of $7.913 billion and a P/E ratio of 13.31. Huntington Bancshares also saw a significant increase in short interest during the month of June. As of June 13th, there was short interest totalling 14,497,760 shares, an increase of 18.3% from the May 30th total of 12,256,104 shares. Based on an average daily trading volume, of 7,393,324 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.8% of the shares of the company are sold short.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings data on Wednesday, April 16th. The company reported $0.17 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.17. The company had revenue of $691.90 million for the quarter, compared to the consensus estimate of $675.78 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts predict that Huntington Bancshares will post $0.72 earnings per share for the current fiscal year.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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