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.
HBAN was given price targets by several analysts. The most optimistic analyst gave a price target of 17, which equates to a potential upside of 29.08 percent. The most pessimistic analyst gave a price target of 13, implying a possible loss of -1.29 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain 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. Meanwhile, fiscal year estimates have been revised upwards by 1.6 percent, compared to last month. 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. Over the past month, 6 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. During this time, 9 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
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. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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. 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.