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.
Investment analysts gave a few price targets for HBAN. The most optimistic analyst gave a price target of 17, implying a possible profit of 29.08 percent. The lowest price target was 13, implying a possible loss of -1.29 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.6 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.15 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 6 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. Also over the last month, 9 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.
The growth rate of HBAN's earnings is estimated by analysts to be 36.95 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of HBAN is 0.5.
In the trailing 52-weeks, HBAN hit 14.74 at the highest peak, while it's lowest trading point was 9.21. Today's price is 43 percent above the 52-week low, and 10.65 percent below the high. HBAN has a price/earnings 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 market cap of HBAN is $14.26 billion. HBAN is estimated to release their earnings results for the quarter on 0000-00-00, days from today.