Bank of America Sets Huntington Bancshares Incorporated Price Target at $7.25 (HBAN)

By admin | 6 years ago

Bank of America (NYSE: BAC) lifted their price target on shares of Huntington Bancshares Incorporated (NASDAQ: HBAN) to $7.25 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock.

A number of other firms have also recently commented on HBAN. Analysts at Susquehanna downgraded shares of Huntington Bancshares Incorporated from a “positive” rating to a “neutral” rating in a research note to investors on Monday, April 23rd. Separately, analysts at Guggenheim raised their EPS on shares of Huntington Bancshares Incorporated in a research note to investors on Thursday, April 19th. They now have a “neutral” rating and a $7.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Huntington Bancshares Incorporated in a research note to investors on Thursday, April 5th. They now have a $6.75 price target on the stock.

Shares of Huntington Bancshares Incorporated traded up 1.25% during mid-day trading on Wednesday, hitting $6.50. Huntington Bancshares Incorporated has a 52 week low of $4.46 and a 52 week high of $6.83. The company has a market cap of $5.620 billion and a P/E ratio of 10.35.

Huntington Bancshares Incorporated last announced its earnings results on Wednesday, April 18th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. On average, analysts predict that Huntington Bancshares Incorporated will post $0.16 earnings per share next quarter.

Huntington Bancshares Incorporated is a bank holding company. The Company provides full-service commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.

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