Huntington Bancshares Incorporated (HBAN) Receives Price Target

Huntington Bancshares Incorporated (HBAN) : The most positive equity analysts on Huntington Bancshares Incorporated (HBAN) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $10.64 with an expected fluctuation of $0.84 from the mean.

Huntington Bancshares Incorporated (HBAN) has an average broker rating of 2.4, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.


Also, Brokerage firm Morgan Stanley maintains its rating on Huntington Bancshares Incorporated (NASDAQ:HBAN). As per the latest information, the brokerage house lowers the price target to $11 per share from a prior target of $11.5. The shares have been rated Equal-weight. The rating by the firm was issued on August 1, 2016.

Huntington Bancshares Incorporated (NASDAQ:HBAN): The stock opened at $10.05 on Thursday but the bulls could not build on the opening and the stock topped out at $10.11 for the day. The stock traded down to $9.83 during the day, due to lack of any buying support eventually closed down at $9.96 with a loss of -0.50% for the day. The stock had closed at $10.01 on the previous day. The total traded volume was 15,098,097 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.