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.
Many analysts weighed in on price targets for HBAN. The most optimistic price target was 17, implying a possible profit of 29.08 percent. The most pessimistic analyst gave a price target of 13, implying potential capital losses of -1.29 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days 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. If we look at the last 90 days instead, we find a net average change of 2.15 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 6 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. Over the same time period, 9 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.
Analysts estimate earnings of HBAN to grow at a rate of 36.95 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of HBAN is 0.5.
HBAN has traded between a high of 14.74 and a low of 9.21 over the past year. Currently the stock is 43 percent higher than its low, 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 market cap of HBAN is $14.26 billion. HBAN will post this quarters earnings in days, on 0000-00-00.