Huntington Bancshares Given Average Recommendation of “Hold” by Brokerages (NASDAQ:HBAN)
Huntington Bancshares (NASDAQ:HBAN) has earned an average recommendation of “Hold” from the twenty-two analysts that are currently covering the stock, StockRatingsNetwork.com reports. Sixteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $10.36.
Huntington Bancshares (NASDAQ:HBAN) opened at 9.89 on Friday. 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 $9.74 and its 200-day moving average is $9.55. The company has a market cap of $8.080 billion and a P/E ratio of 13.41.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, July 18th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Huntington Bancshares will post $0.74 EPS for the current fiscal year.
A number of research firms have recently commented on HBAN. Analysts at Zacks reiterated a “neutral” rating on shares of Huntington Bancshares in a research note on Thursday, August 7th. They now have a $10.00 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Huntington Bancshares from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a $12.00 price target on the stock, up previously from $11.00. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $11.50 price target on the stock, up previously from $10.00.
In other Huntington Bancshares news, Director Michael J. Endres unloaded 32,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $9.87, for a total value of $315,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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