Analyst Research

Huntington Bancshares Incorporated (NASDAQ:HBAN): Analysts Revised its Target Price

Huntington Bancshares Incorporated (NASDAQ:HBAN) shares traded 1.79% during the most recent session the stock exchanged hands 9,195,400 shares versus average trading capacity of 10.78M shares, yielding a market cap of $14.09B. Wall Street analysts covering the stock are projecting that the stock will reach $14.65 within the next 52-weeks. The mean target projections are based on 25 opinions, the mean target was last revised on 05/01/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Huntington Bancshares Incorporated (NASDAQ:HBAN) high price target of $16.50 and with a conservative view have low price target of $13.00 with a standard deviation of $0.99. If seeing target price from optimistic overview then it has a 26 percent upside potential from the latest closing price of $13.09.

Huntington Bancshares Incorporated (NASDAQ:HBAN) received “Reiterated” rating by FBR & Co. in a research note issued to investors on Apr-20-17 as Mkt Perform from $15 to $14.

Additionally on Apr-03-17 Huntington Bancshares Incorporated (NASDAQ:HBAN) was “Upgraded” by Jefferies from Hold to Buy and on Jan-03-17 the stock was “Reiterated” by Barclays as Equal Weight from $11 to $14. Furthermore on Nov-30-16 the stock was “Reiterated” by Wedbush as Outperform from $13 to $14.

On the other hand the company has Relative Strength Index (RSI 14) of 49.16 along with Average True Range (ATR 14) of 0.30, Consequently Huntington Bancshares Incorporated (NASDAQ:HBAN)’s weekly and monthly volatility is 1.83%, 2.11% respectively. The company’s beta value is at 1.25.

In terms of Buy, Sell or Hold recommendations, Huntington Bancshares Incorporated (NASDAQ:HBAN) has an analysts’ mean recommendation of 2.30. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Huntington Bancshares Incorporated (NASDAQ:HBAN) will report earnings of $0.23 for the current quarter on or around 7/20/17, however the company’s high EPS estimates are $0.26 and low estimates are $0.2. However the company reported $0.19 earnings per share for the same quarter during last year.

Previously Huntington Bancshares Incorporated (NASDAQ:HBAN) reported $0.21 earnings per share (EPS) for the quarter on 4/19/2017 Before Market Open, missing the consensus estimate of $0.22 by -$0.01. The company posted an earnings surprise of -4.55%.

While considering growth estimates of the company, it has next quarter growth estimates of 127.30% whereas during current quarter it has 21.10% estimations over growth, comparing to the estimations of 37.30% during current year and 19.60% for next year. Past 5 years growth of Huntington Bancshares Incorporated (NASDAQ:HBAN) observed at -0.45%, looking forward for the next 5 years it has a strong prediction of 10.56% over growth.

Huntington Bancshares Incorporated (NASDAQ:HBAN)’s revenue estimates for the current quarter are $1.07B according to 17 number of analysts, for the current quarter the company has high revenue estimates of $1.09B in contradiction of low revenue estimates of $1.06B. For the current year the company’s revenue estimates are $4.32B compared to low analyst estimates of $4.26B and high estimates of $4.41B according 20 number of analysts.

Currently Huntington Bancshares Incorporated (NASDAQ:HBAN)’s shares owned by insiders are 0.90%, whereas shares owned by institutional owners are 75.60%. However the six-month change in the insider ownership was recorded -1.03%, as well as three-month change in the institutional ownership was recorded 0.16%.

Huntington Bancshares Incorporated (NASDAQ:HBAN) is trading -10.68% away from its 52 week high of $14.66 and +65.72% far from the stock’s low point over the past 52 weeks, which was $7.90. The stock hit its 52-week high on 03/02/17, and 52-week low on 06/27/16. The company’s trailing twelve month income is 672.40M dollars and is paying 2.44% dividend yield annually.

Huntington Bancshares Incorporated (NASDAQ:HBAN)’s trailing twelve month revenues are $2.90B, whereas its price to sales ratio for the same period is 4.96. Its book value per share for the most recent quarter is $8.62 while its price to book ratio for the same period is 8.62, as for as the company’s cash per share for the most recent quarter is $1.34, however its price to cash per share ratio for the same period is 9.78. The stock has a current PEG ratio of 1.84 where as its trailing twelve month P/E ratio is 19.39.

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