Hancock Holding Company Price Target Lowered to $37.00 at Raymond James (HBHC)
Analysts at Raymond James decreased their price objective on shares of Hancock Holding Company (NASDAQ:HBHC) from $38.00 to $37.00 in a research report issued to clients and investors on Monday. Raymond James’ target price would suggest a potential upside of 12.26% from the company’s current price.
A number of other firms have also recently commented on HBHC. Analysts at Zacks reiterated a “neutral” rating on shares of Hancock Holding Company in a research note on Tuesday, June 24th. They now have a $36.00 price target on the stock. Analysts at Drexel Hamilton initiated coverage on shares of Hancock Holding Company in a research note on Thursday, May 8th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Hancock Holding Company presently has an average rating of “Hold” and a consensus price target of $34.75.
Shares of Hancock Holding Company (NASDAQ:HBHC) traded down 1.52% during mid-day trading on Monday, hitting $32.96. The stock had a trading volume of 414,387 shares. Hancock Holding Company has a one year low of $29.00 and a one year high of $38.50. The stock’s 50-day moving average is $34.76 and its 200-day moving average is $34.93. The company has a market cap of $2.744 billion and a price-to-earnings ratio of 17.85.
Hancock Holding Company (NASDAQ:HBHC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. During the same quarter in the previous year, the company posted $0.55 earnings per share. Analysts expect that Hancock Holding Company will post $2.35 EPS for the current fiscal year.
Hancock Holding Company (NASDAQ:HBHC), is a bank holding company.
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