Huntington Bancshares’s “Neutral” Rating Reaffirmed at Macquarie (HBAN)
Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “neutral” rating reaffirmed by stock analysts at Macquarie in a report issued on Monday. They currently have a $10.00 target price on the stock, up from their previous target price of $9.50. Macquarie’s target price indicates a potential upside of 2.56% from the stock’s previous close.
Shares of Huntington Bancshares (NASDAQ:HBAN) traded down 0.05% during mid-day trading on Monday, hitting $9.745. 9,216,345 shares of the company’s stock traded hands. Huntington Bancshares has a 1-year low of $8.04 and a 1-year high of $10.29. The stock’s 50-day moving average is $9.5 and its 200-day moving average is $9.46. The company has a market cap of $8.067 billion and a P/E ratio of 13.54.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings data on Friday, July 18th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $716.80 million for the quarter, compared to the consensus estimate of $693.00 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 up 4.9% 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.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.05%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Portales Partners upgraded shares of Huntington Bancshares from an “underperform” rating to a “sector perform” rating in a research note on Monday. Separately, analysts at SunTrust raised their price target on shares of Huntington Bancshares from $10.00 to $11.00 in a research note on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Bernstein raised their price target on shares of Huntington Bancshares from $9.00 to $10.00 in a research note on Monday. They now have a “market perform” rating on the stock. Seventeen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Huntington Bancshares currently has a consensus rating of “Hold” and an average target price of $10.17.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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