Analyst Ratings for Huntington Bancshares Inc. (HBAN)Updated: 2017-07-29
Huntington Bancshares Inc. (NASDAQ:HBAN) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for HBAN last month.
Of the 28 analysts covering the stock, 12 gave it a buy rating, 1 issued an overweight rating, 15 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for HBAN by the analysts covering the stock. The most optimistic analyst gave a price target of 17, implying a possible profit of 29.08 percent. The minimum price target given was 13, implying a possible loss of -1.29 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.6 percent. If we look at the last 90 days instead, we find a net average change of 2.15 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 6 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. Also over the last month, 9 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.
Analysts estimate earnings of HBAN to grow at a rate of 36.95 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of HBAN is 0.5.
HBAN has a 52-week high of 14.74 and a 52-week low of 9.21. The current market price is above the trailing year's low by 43 percent, and 10.65 percent below the high. HBAN has a P/E ratio of 18.57. Investors typically compare the P/E ratio to a company's peers in the industry. The HBAN value stock report compares HBAN to some of its peers using value stock charts. The stock has a market capitalization of $14.26 billion. HBAN's next earnings release will be on 0000-00-00, which is days away.