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 maximum price target given was 17, which equates to a potential upside of 29.08 percent. The minimum price target given was 13, which equates to a potential downside 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. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 1.6 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.15 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 6 analysts made positive revisions to their quarterly estimates over the past month, 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.
HBAN has an estimated earnings growth rate of 36.95 percent as forecasted by analysts. People on Wall Street often look at a company's 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, though it could be better to see where the ratio stands relative to peers in the industry. HBAN has a PEG ratio of 0.5.
HBAN has a 52-week high of 14.74 and a 52-week low of 9.21. Today's price is 43 percent above the 52-week low, and 10.65 percent lower than its 52-week 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.