Huntington Bancshares Incorporated (HBAN) Receives ‘Analyst’ Rating

Huntington Bancshares Incorporated (HBAN) : 4 brokerage houses believe that Huntington Bancshares Incorporated (HBAN) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Huntington Bancshares Incorporated (HBAN). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 2.4.

Huntington Bancshares Incorporated (HBAN) : Currently there are 14 street experts covering Huntington Bancshares Incorporated (HBAN) stock. The most bullish and bearish price target for the stock is $12 and $9 respectively for the short term. The average price target of all the analysts comes to $10.64. The estimated standard deviation from the target is $0.84.


Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, maintains their rating on the shares of Huntington Bancshares Incorporated (NASDAQ:HBAN). Morgan Stanley has a Equal-weight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $11 per share from a prior target of $11.5. The rating by the firm was issued on August 1, 2016.

Huntington Bancshares Incorporated (NASDAQ:HBAN): The stock opened in the green at $9.74 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $9.87 and a low of $9.71 for the day. The stock did not find buyers even at the lows and closed at $9.79 recording a loss of -0.10%. 13,509,017 shares exchanged hands during the trading day. The stock had closed at $9.8 in the previous days trading.

Huntington Bancshares Incorporated (Huntington) is a diversified regional bank holding company. The Company operates through its subsidiary, The Huntington National Bank (the Bank). It provides commercial, small business, consumer and mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. It operates in five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. Its loan portfolio includes commercial and industrial, commercial real estate, construction CRE, automobile, home equity, residential mortgage and consumer loans/leases. The Bank has approximately 14 private client group offices and 715 branches, including 404 in Ohio, 43 in Indiana, 179 in Michigan, 31 in West Virginia, 48 in Pennsylvania and 10 in Kentucky.

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