Raymond James Increases Huntington Bancshares Price Target to $11.00 (HBAN)
Equities research analysts at Raymond James hoisted their target price on shares of Huntington Bancshares (NASDAQ:HBAN) from $10.50 to $11.00 in a research note issued to investors on Wednesday. Raymond James’ price target would indicate a potential upside of 13.75% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs raised their price target on shares of Huntington Bancshares from $10.00 to $10.25 in a research note on Monday, June 30th. Separately, 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. Finally, 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. Twelve investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Huntington Bancshares presently has an average rating of “Hold” and an average target price of $9.88.
Shares of Huntington Bancshares (NASDAQ:HBAN) traded up 0.83% on Wednesday, hitting $9.67. 7,192,996 shares of the company’s stock traded hands. Huntington Bancshares has a 52 week low of $8.04 and a 52 week high of $10.29. The stock has a 50-day moving average of $9.4 and a 200-day moving average of $9.46. The company has a market cap of $8.005 billion and a price-to-earnings ratio of 13.32.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.17 earnings per share. Huntington Bancshares’s revenue was up .8% compared to the same quarter last year. Analysts expect that Huntington Bancshares will post $0.72 EPS for the current fiscal year.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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